Bitcoin falls strongly and raises concerns: what could happen in the coming days, according to analysts

After the sharp rise in stock prices over the past week Digital currencies I looked in amazement on Saturday at the sudden drop in prices Bitcoin And those of other digital assets.

Bitcoin (Bitcoin), the world's most popular cryptocurrency, not only failed to surpass the $52,000 level that had filled investors with enthusiasm in recent days, but You have broken the $51,000 floor. By falling below this value, it has dragged altcoins lower.

Despite this, levels of greed within the ecosystem remain high according to Fear and Greed Index, which acts as a thermometer for investor sentiment. According to this index, there is a mood of “extreme greed” with an index of 76, higher than 72 on Friday.

Bitcoin price today: How much is it trading on Saturday, February 17?

In the last 24 hours the price has increased Bitcoin It is reduced by 2%, which translates to an approx $50,795 USD. Although it's still an encouraging number (because the value is up 7.4% in the past week), it's still a long way from the $60,000 cap seen in 2021.

According to Swissblock analysts, Bitcoin's stalled momentum could herald a collapse An “imminent” decline before prices rise Furthermore. “A correction appears imminent and necessary given the recent rapid rise of around 33% in recent weeks, indicating an unsustainable rally,” they noted.

Beyond the short-term decline, the report indicated that the market appears ready for higher prices and that any future correction may be a buying opportunity, as long as Bitcoin Stay Support is near $47,500.

For their part, 10x Research reported this Bitcoin could be heading towards Price target 57,500 USDThis is due to strong liquidity and increasing demand.

Likewise, investors are still hopeful that a new bullish high will arrive for the stellar cryptocurrency, on par with the Bitcoin halving scheduled for April this year.

Ethereum Price Today: How much is it trading on Saturday, February 17?

For its part, Ethereum (ETH) fell by 1.5% in the last day and reached around $2,740. Over the course of 7 days, the second most relevant cryptocurrency on the market achieved a 10% rise.