Bitcoin may rise to $ 62,000 in March

On Monday, during trading on exchange-traded funds, bitcoin BTC $98,752.62 Bitcoin -0.09% Market capitalization $1.95 trillion VOL. 24 hours $4.14 billion rose by $ 5,000, or about 10%, from $ 51,000. The market’s flagship was trading above $ 56,000, and today, February 28, it exceeded $ 57,000.

According to the analytical tracker CoinMarketCap, at the time of writing, the main cryptocurrency is showing a 2.25% gain and is trading at $ 57,445. The total number of coins circulating on the market is $ 1.12 trillion, with traders making daily trades worth $ 38.9 billion. Bitcoin’s dominance in the market increased to 52.2%. The Fear and Greed Index demonstrates an optimistic 80 points.

The growth of bitcoin was due to the fact that exchange-traded ETF funds purchased BTC for $ 512 million, including BlackRock for $ 112 million, Fidelity for $ 243 million, and Ark for $ 130 million.

Crypto experts note that at $ 57,000, bitcoin is facing another resistance at $ 58,000, but, contrary to forecasts, it has not dropped to test $ 54,000 or even $ 56,000.

«We are now, to a certain extent, close to the historical high. Bitcoin has never crossed an all-time high before a halving, but bitcoin likes to break these records.

We assumed that $ 58k could be reached next month, but March is coming in two days. Whether it will be a sideways fall or a rise to $ 62,000 remains to be seen, but bitcoin is showing strength," the analysts concluded.