Cryptonalyzed.com

The flagship cryptocurrency “Bitcoin” has been seen to have broken it’s all time high more than 4x within the space of 3months. While most traders are skeptical about the next step Bitcoin will take, some tend to side with the bearish team, while others with the bullish team. This article has been carefully analyzed while putting into consideration some technical and fundamental analysis to show the possible play of Bitcoin in the remaining days of March 2021. PAST BITCOIN ANALYSIS In the first half of February of 2021, the price of Bitcoin spiked from $32799 to $58,000 thereby breaking its All-time high of $42,000 and setting a new At-time high at $58,000 , Most traders termed this “ The Elon Musk’s Effect “owing to the fact that that Elon Musk (Currently the world richest man) made an open purchase of $1.5B worth of Bitcoin. The second half of February started with a very strong bearish drift to the downside from the $58k All-time high down to $44,300 (more than

Today Bitcoin have taken a humble bow from its all time high of $41,500, this kept many wondering what next??? Some analyst believe that this dip may actually be the last opportunity for people who haven't bought bitcoin by now, they speculate that although bitcoin in less than 48hours have lost more than $7000, That bitcoin is just gathering more bull-power to take on a powerful Bullish run.. The price of bitcoin as of the time of this article Fluctuate around $30,000, people who Bought bitcoin have been panicking about the recent development. Personally I strongly believe that bitcoin wipe still take on a bull run and this time it will surely break it's all time High. Conclusion : Analyst advice that people should use this opportunity to buy bitcoin cause this might be the only dip for bitcoin before it surpasses the $50,000 hall mark,and at this level many analysts quotes that bitcoin may never fall below that $50,000 once it surpasses it. Maxwell okey 2021#