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**Bitcoin (BTC) Price Prediction for March 7**
As of the current market situation, Bitcoin’s price has shown a significant movement over the past 24 hours, with a gain of 52% over that time frame. According to data from TradingView, this growth is substantial and suggests a stabilization in the market.
At the moment, Bitcoin is trading at $88,896. This significant surge may not be followed by an equally sharp move downwards. The majority of the ATR (Average True Range) has already been passed, which indicates that there are low chances of seeing dramatic moves anytime soon.
From a midterm perspective, it’s essential to focus on the weekly bar’s closure. If this occurs around the current price range, the possibility of increased volatility in the short term is relatively low.
The analysis suggests that if the daily candle closes near $90,000, there will be high chances of Bitcoin consolidating within the narrow range of $86,000-$92,000.
For now, it seems unlikely that we will see any drastic changes in the price.
Source: https://u.today/bitcoin-btc-price-prediction-for-march-7
