Based

2024

Bitcoin

While Bitcoin rose above $ 53,000 with the rise it experienced in the past weeks, it reached the highest levels it has seen in the last 2 years.
However, some analysts warn investors that there may be a correction in Bitcoin in the coming weeks.
CryptoOnchain, one of the CryptoQuant analysts, stated in his latest analysis that there may be a correction in BTC in the coming weeks and pointed to $ 48,000.
Stating that BTC charts and on-chain data indicate a correction for the price, the analyst claimed that this correction may be caused by the sales of short-term Bitcoin investors.
<blockquote>
 “On-chain data and Bitcoin price charts indicate the possibility of a correction in Bitcoin price in the coming weeks.
 Based on the short-term Holder SORP's 30-day moving average, Bitcoin is approaching the selling area for short-term investors.
 Examination of the technical chart also confirms this situation. Bitcoin remains below resistance on the technical chart. It looks like Bitcoin could decline to the $48,000 region. “
</blockquote>
Bitcoin continues to trade at $53,450 at the time of writing.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Possibility of Bitcoin Price Correction in the Coming Weeks
 “Bitcoin is in the area below the resistance in the technical chart. It looks like <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> may drop to the $48,000 area.” –&nbsp;By <a href="https://twitter.com/CryptoOnchain?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@CryptoOnchain</a>
 Link <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/Lc7v7LfqEP" rel="noopener noreferrer nofollow">https://t.co/Lc7v7LfqEP</a> <a href="https://t.co/XxS7U09dpi" rel="noopener noreferrer nofollow">pic.twitter.com/XxS7U09dpi</a>
 — CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1762088861109199282?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 26, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
On the other hand, it appears that Grayscale sent $253 million worth of BTC to the Coinbase exchange to sell in the last hours. While analysts think that there will be a minor price fluctuation for this reason, many state that the main target is $ 58,000.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/cryptoquant-analyst-evaluates-the-possibility-of-correction-in-bitcoin-announces-btc-price-expectation/" rel="noopener noreferrer nofollow">CryptoQuant Analyst Evaluates the Possibility of Correction in Bitcoin, Announces BTC Price Expectation!</a>

CryptoQuant Analyst Evaluates the Possibility of Correction in Bitcoin, Announces BTC Price Expectation!

Bitcoin Sistemi EN

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