Hello Crypto World!
The crypto market is currently experiencing significant volatility. As is often the case, Bitcoin (BTC) appears to be leading the charge, with a potential rebound after touching $78,843. Will it manage to recover by the beginning of March, or will the correction continue? As February draws to a close, BTC is showing signs of a possible bounce.
It seems to be exhibiting strong trading volume, which could provide an opportunity to reclaim a more favorable price.
When analyzing the moving averages in hour candles (MA) of 25 and 7, the last hour of February appears robust, likely allowing these averages to cross and potentially reverse, pushing BTC into bullish momentum as we enter March.
Let’s keep an eye on how the first days of March unfold.
Other cryptocurrencies are mirroring BTC's pattern. For instance, here’s a look at ADA:
And HIVE:
CURRENT PRICES OF BTC, ADA, AND HIVE AT THE TIME OF THIS POST:
- BTC: $83,865 USDT
- ADA: $0.628 USDT
- HIVE: $0.278 USDT
That’s all for now!
Thank you for your continued support and engagement!