Despite the significant acquisition of over 11,900 Bitcoin by MicroStrategy, the world’s largest cryptocurrency, Bitcoin (BTC), is facing a continued decline and is now trading below $65,000. Currently, the Bitcoin price is down 1% at $64,505, with a market cap of $1.271 trillion. Analyst Willy Woo has conducted a thorough analysis of the Bitcoin mining market and historical trends in order to predict when the BTC price recovery will commence this year.
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Here’s When Bitcoin (BTC) Price Recovery Will Start This Year
By
Eleanor Ashworth — Editor-in-Chief
About the author · Editor-in-Chief
Eleanor Ashworth
Eleanor Ashworth is editor-in-chief at BTCNews. A Cambridge-trained journalist with 18 years across the Financial Times, Reuters and the Telegraph, she joined the crypto beat in 2017 after covering the Bank of England and HM Treasury. She holds the SABEW Best in Business award (2022) and was shortlisted for the British Journalism Awards (2023). At BTCNews she sets the editorial line for Bitcoin and macro markets coverage, with a focus on institutional adoption, regulation and central-bank policy. Based in London.