Bitcoin's growth trend is not over yet.

Jonathan de Wet - chief investment officer at digital asset trading company ZeroCap said: "Macroeconomic factors will dominate the market in the near future. If the US economy really goes down, then I think we will see a prolonged decline. However, overall, I still think the bullish trend remains."

De Wet suggested that macroeconomic factors may have caused BTC's decline on March 15. “We saw unusually high inflation numbers and lower-than-expected retail sales in the US on Thursday,” he said. “High inflation, low growth is a difficult scenario for central banks.” " in the context of stagflation (a situation where economic recession, inflation and unemployment simultaneously occur).

Meanwhile, Ryan McMillin, chief investment officer at Merkle Tree Capital, an Australian cryptocurrency manager, said that the drop could be due to Long positions being "liquidated".

🎯 In general, analysts agree that BTC's upward momentum cannot be ended just after the falling session on March 15. We will wait for the next developments of the market.