CEX.IO company blog | Bitcoin Rises Above $ 51,000 Again

Bitcoin's price is recovering after falling last week. On February 21, the cryptocurrency updatedall-time high above $ 58000, after which it began to decline. On February 28, the price of bitcoin dropped to $ 43,000. On March 3, the price of the first cryptocurrency fluctuated around the $ 50,723 mark.

Yuri Mazur, head of the data analysis department of the international crypto broker CEX.IO Broker, spoke about the movement of the bitcoin price and what price points will be reached next.

So that you can confidently talk about the endprice correction, bitcoin will have to overcome the correction level at the price mark of $ 48,051. This level has already shown its driving force for bitcoin in February, so overcoming it in March may have a positive effect on the growth of the rate and further.

Potential level for the next correctionthe zone will remain near the current all-time high in the region of $ 58,000. If bitcoin continues to rise above this price level, then the new target level may become a mark of $ 66,360.

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