The chief analyst of Bitget Research, Ryan Lee, made a couple of predictions for March 2024 on Bitcoin and Ethereum.
These are analyses that take into consideration the global context and the possible evolution of the price of the two main cryptocurrencies, BTC and ETH, during the current month.
Bitget: Bitcoin forecasts
Lee points out that on February 27th a new upward movement cycle started on the price of Bitcoin, with the surpassing of the previous annual high at $57,000.
Furthermore, the daily trading volume of BTC has risen to around 80 billion dollars on spot markets, while the nine Bitcoin ETFs in the USA have reached a new all-time high trading volume of 3.2 billion dollars.
The fact is that institutional sentiment is bullish and strong, and there are only about fifty days left before the halving. In addition, there are also expectations of an interest rate cut by the Fed around mid-year.
Lee comes to the conclusion that Bitcoin has found support at $50,000, a
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