Bitcoin Rallies for Third Straight Day, Turns Weekly Performance Positive
Bitcoin continued its ascent on Saturday, March 14, reaching $70,965, a 0.6% gain on the day. Ethereum was not far behind at $2,093, also rising 0.6%. The weekly performance has finally turned green, with BTC now showing a 4.1% gain over seven days. This marks a dramatic reversal after a difficult start to the week. The third consecutive rally confirms that the market has found an equilibrium. Investors, reassured by the absence of negative news, are gradually returning to the market. Bitcoin has managed to hold above the key psychological level of $70,000 and now appears to be targeting $71,000. Ethereum, meanwhile, is flirting with $2,100, a threshold that could act as a springboard to higher highs. This weekend is particularly important for what comes next. If the bullish trend holds, Bitcoin could close the week with a solid gain, erasing the losses of previous weeks. Trading volumes are ticking up slightly, a sign that confidence is returning. However, caution remains warranted: traditional markets are still volatile, and a negative macroeconomic surprise could quickly reverse the trend. For now, cryptocurrencies are enjoying a well-deserved breather, and traders are hoping this momentum carries through to Monday.
