On March 14, 2024, Bitcoin once again updated its absolute maximum value (ATH) over the past few days. The peak, according to CoinMarketCap data, was recorded at $73,750. After updating the ATH, Bitcoin entered a correction, which immediately exceeded 9%. As of the time of writing this review, the coin is trading at $67,816.
Analyst Michael van de Popp believes that after prolonged growth, Bitcoin needed a correction. In his opinion, the period will open up growth opportunities for altcoins.
Bitcoin forecast
Michael van de Popp believes that the correction could return BTC to the level of $52 thousand. If it breaks through, the analyst predicts a descent to $45 thousand.
According to a number of participants in the crypto community, the nearest target for BTC may be the level of $60 thousand. Popular crypto blogger Mark Cullen shared the expected trajectory of Bitcoin’s descent to the designated height.
