While there has been no shortage of excitement when it comes to Bitcoin (BTC) ever since the beginning of the final quarter of 2023, the 7 days of trading that started on February 26 have, in many ways, been particularly eventful.
After holding close to the $51,000 level for multiple weeks, the world’s foremost cryptocurrency suddenly took to the skies and rose more than $10,000 in but a few days to find itself only $4,000 below its all-time high price by Monday, March 4.
The sudden and strong rise bolstered the already significant optimism present in the crypto market but also caused many traders to worry if Bitcoin is nearing a major correction as profit-taking opportunities grow better and better.
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