Macroeconomic trends and central bank policies suggest Bitcoin’s correction may extend to April as the US dollar strengthens, according to Matrixport.
The current Bitcoin correction may last until March or April before attempting to rally toward previous highs, according to Matrixport analysis.
Bitcoin (BTC) fell below $80,000 on Feb. 27 for the first time in a week amid a broader market sell-off driven by escalating global trade tensions.
Three major US stock market indexes also suffered losses, with the Nasdaq 100 dropping 7.05% over the past five days, while the S&P 500 and the Dow Jones Industrial Average fell 1.33% each.
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