BTC Price Forecast 2021: Bitcoin has renewed its historical record again, exceeding $58 thousand

The cost of the most popular cryptocurrency, bitcoin, rose above 58 thousand dollars on Sunday, breaking another historical record, according to trading data.

Also Read: By the End of the Year Bitcoin will worth $100k

On the Binance exchange, the largest cryptocurrency exchange in terms of trading volume, as of 23.01 Moscow time, bitcoin grew in price by 2.12% – up to 58.1 thousand dollars. According to the CoinMarketCap portal, which calculates the average price for more than 20 exchanges, bitcoin rose in price by 1.68% – to 58.113 thousand dollars. The dynamics are given everywhere in a day.

Bitcoin took off in December. On December 16, the cryptocurrency exceeded the historical maximum of $ 20,042, which has been held since 2017, and since then has managed to exceed it almost three times.

After a pause, the active growth in the value of the cryptocurrency resumed on February 8 after Tesla, controlled by the entrepreneur Elon Musk, announced an investment in Bitcoin in the amount of $ 1.5 billion. After that, the value of bitcoin surpassed the January record level of $ 41,950 and has continued to break records ever since.

BTC / USD Forecasts – BTC / USD Forecasts for March 3, 2021

The BTC / USD pair (Bitcoin / US Dollar) is the most popular of all Bitcoin currency pairs due to its maximum liquidity level. Its dynamics are quite difficult to predict – bitcoin practically does not react to the publication of indicators of the US economy, but responds vividly to news, especially from the world of cryptocurrencies. Nevertheless, the classical rules of technical analysis apply to bitcoin, which allows you to make highly profitable trades with correct forecasting. In this section, you will find the most up-to-date BTC / USD forecast and trading recommendations from leading investment company analysts. Already today, trading in cryptocurrencies – such as bitcoin, ether, ripple, litecoin, etc. – becomes a good alternative to traditional means of making a profit. materials will help you decide on your cryptocurrency trading strategy.

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