- Bitcoin price continues to push away the strong bear pressure at regular intervals, as evident from the seven-day price chart
Bitcoin (BTC) is the leader in the crypto market, and most of the coins are seen as having an influential movement. The ongoing bearish volatility has taken its toll on BTC, even though it had a good start to the year. There have been intermittent spells of upward and downward price fluctuations for the coin. Even in the past week, the coin has undergone varying price fluctuations ranging from $8573 – $8940, indicating that the BTC bulls are gearing up to enter the crypto market space.
Bitcoin Faces Volatility but Analysts Remain Optimistic
The price of BTC moved at a high of $9839.82 on Feb 24. The mounting bearishness exerted strong pressure on the BTC coin and pushed the price below the baseline on Feb 26 at $8676.55, showing a downward variation to the extent of 11.78%. There was a slight recovery at 3.11% on Feb 27, the recovery being at $8958.44.
The bearish volatility continued in the crypto market and the price once again went down to $8573.33 on Feb 28, the fall being at 4.21%. BTC price again managed to hold the bear pressure and went upwards at $8748.02 showing a rise of 2.04%. Today, the price of BTC has slowed down to $8599.66; the downward movement is to the tune of 1.70% at the time of penning down.
Undoubtedly, BTC has time and again proven its mettle and led the way for other crypto coins, even in times of great volatility. Analysts have great confidence in the number one ranked coin leading the way in the future also and getting back to its winning momentum during the course of this year. As currently, Bitcoin is facing the bearish trend, It is the right time to invest or trade-in it. Bitcoin Trader is one of the trusted automated trading platforms that can bring you to earn good profit from Bitcoin. According to the Bitcoin price prediction and current trend, the struggle of the coin is here to stay for some more days.
