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BTC analysis – the price is heading to $ 51,000, but the volumes are in decline

by Margharet Tess
March 28, 2025
in Analysis
Reading Time: 3 mins read

BTC has more or less stagnated around $ 47,500 over the last 24 hours, leaving room for the indicators to cool down while we are still monitoring bullish target. However, the volumes are in decline and therefore we have to count only on short-term upward trend. On the other hand, dominance lies in the correctional leg, which should continue.

The correlation between altcoins and BTC is close to ATH therefore we expect growth of altcoins which will catch up with the main cryptocurrency and so on dominance will decline. However, this does not mean that BTC itself will not grow. We are still watching target at about $ 51,000. If volumes continue to decline, the price will soon reach a maximum.

Bitcoin continues at $ 51,000

BTC continues to $ 51,000. Source: TradingView

BTC continues on its way to $ 51,000

Current growth should only be short-term for the time being. After creating a local maximum on the mentioned target, we expect the price to go into a slight correction. We remain in the long and short term bullish but in the short term it is possible that the price will soon create a backward movement.

Creating a short-term correction however, after a breakout is a healthy sign of a trend. This does not change the fact that growth must be supported by volumes. In the long run, the price is still a sideway between $ 69,000 and $ 30,000. It is not yet possible to determine whether the current growth will be only in this structure or it overcomes.

Ethereum price prediction 2022 – 2026

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Margharet Tess
Margharet Tess
Editor, Developer at Cryptheory Labs
I have been active in the cryptocurrency world for over 6 years, during which I have written countless articles about this sector. What fascinates me most about cryptocurrencies is their technological aspect and the problems they aim to solve. In the past three years, I have ventured into app development and am currently working on a larger project called P2E Buzzer. Stay tuned for the surprise. 🙂 My previous experiences: Business2Community.com, TradingPlatforms.com
Margharet Tess
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