Over the past seven days, the price of bitcoin has increased by 35.8%. BTC has been gaining since the beginning of March.
According to analysts at Glassnode, the leading digital currency has shown the best performing two-week run since 2015.
On the night of Wednesday, March 22, the BTC rate strengthened to $28,088. At the time of publication of this review, the capitalization of bitcoin exceeded $541.916 billion,
A similar situation was observed in 2017 and 2021, when Bitcoin also showed aggressive weekly growth.
Experts note that after each seven-day run in previous years, the cryptocurrency entered a correction phase.
A similar scenario may await us this week. Most likely, Bitcoin has peaked at this stage, and traders need a breather to gather their strength.
An important event and reference point for investors will be the meeting of the US Federal Reserve System. Tonight the regulator may raise the discount rate. Such a decision will increase pressure on the stock markets, and BTC may also suffer.
Analysts do not rule out a drop in bitcoin to $25,000 if the Fed tightens monetary policy and raises rates by 25 basis points.
