Bitcoin had a correction in the last hours after reaching an all-time high

Knowing what will be the direction of the price after reaching the new record high is worthy of analysis to be able to have clarity in the operations of buying / selling, the first thing is to know the reasons that led Bitcoin to have a correction in the last hours after reaching a record high.

Now, and in this same context, it is necessary to indicate that according to information shared by Armando Montes to Infobae, "this correction is not a surprise, since the trend in the market is not in a straight line", quoting Alex Thorn, head of research at Galaxy Digita.

In this sense, for Thorn "The cryptocurrency specialist pointed out that this event is similar to the one recorded in December 2020 when it reached the $20,000 mark and then dropped by 11.3 percent."

It should be noted that, "Currently, bitcoin is in the #1 place of popularity in the digital market. It is worth mentioning that the historical maximum reached by this digital currency is 69170.63 dollars per unit".

A point that generates optimism is that, "Specialists in the digital currency market foresee that the most popular cryptocurrency in the world will make gains in the coming hours and resume the pace seen in recent days."

Cointelegraph. Bitcoin price hits a new all-time high. Link

The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Infobae