After bitcoin (BTC) reached an all-time high of over $73,000, the market has become excited about the first cryptocurrency's next steps. Indeed, some market participants expect bitcoin to be in a state of tentative correction as it fell from an all-time high to around $65,000 within hours.
Amid these expectations, #cryptocurrency trading expert Trading Shot noted that based on technical indicators, #bitcoin is likely to reach an all-time high by the end of March.
In a TradingView post from March 15, the analyst noted that the drop to $65,000 caused bitcoin to fall below the four-hour MA50, enter the green equilibrium cloud for the first time in a month, and touch the lower boundary of the short-term ascending channel.
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