Bitcoin (BTC) traded at $81,941 on Thursday, March 13th, marking a decline of $1,798 or 2.15% from the previous trading session. Over the past four weeks, Bitcoin has experienced a notable loss of 15.97%, reflecting the ongoing volatility in the cryptocurrency market.
Bitcoin down by 2% on Thursday
Despite this recent pullback, Bitcoin has shown resilience over the longer term, with its price rising by 15.94% over the last 12 months, indicating continued investor interest and growth over the past year.
Looking ahead, analysts and macroeconomic models from Trading Economics forecast that Bitcoin could end the current quarter at around $84,276, reflecting a potential recovery or stabilization in the short term. However, the outlook for the year ahead is more cautious, with projections suggesting Bitcoin may decrease to approximately $79,901 in the next 12 months, influenced by factors such as market volatility, regulatory developments, and broader economic conditions.
Crypto market remains volatile
The cryptocurrency market remains highly sensitive to external factors, and investors are likely to remain cautious, keeping a close eye on regulatory news, technological advancements, and the overall market environment as they adjust their expectations for Bitcoin’s future price movements.
