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CryptoIntelligence 2024-03-16 09:22:27

Bitcoin Dips Below Weekly Lows Amid Market Optimism, Traders Eye Bullish Trends Despite Pullback

Bitcoin experienced a dip below its weekly lows before the March 15 Wall Street opening, with its value declining to $65,569 on Bitstamp, as per Cointelegraph Markets Pro and TradingView. This downturn followed the cryptocurrency reaching new all-time highs, with the previous peak of $69,000 from 2021 failing to provide support. Despite this, the market response remained relatively unfazed, maintaining a perspective that corrections are typical in a bullish trend. “Bitcoin’s price retracing -10% on this move when greater than -30% corrections are normal during bull runs,” commented On-Chain College on X, highlighting that such corrections are a standard aspect

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