Bitcoin's March Rally: From $64K to $200K
TL;DR Summary
Santiment's monthly report suggests that the cryptocurrency market may be in a danger zone with increased risk of a short-term correction after Bitcoin's surge to $64,000 in February. On-chain indicators show that both long and short-term active wallets may soon begin to sell their BTC, with historical data indicating a likelihood of a short-term correction. Bitcoin whales have been splitting their holdings, and the outcome of recent on-chain movements remains to be seen, indicating a potentially wild March for the crypto market.
Topics:business#bitcoin#cryptocurrency#cryptocurrency-market#on-chain-indicators#santiment#short-term-correction
- Here’s What to Expect in March After Bitcoin’s Rally to $64K: Santiment CryptoPotato
- Bitcoin Is Hitting All-Time Highs Around the World CoinDesk
- Most anticipated crypto event in 2024: The Bitcoin halving The Economic Times
- Latest crypto thaw has bitcoiners rejoicing Marketplace
- Bitcoin is hurtling toward its record high of $69000. Experts see $200000 in sight Fortune
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
2 min
vs 3 min read
Condensed
80%
418 → 82 words
Want the full story? Read the original article
Read on CryptoPotato