Topic: Expectations for March?! - page 3. (Read 943 times)
Early march the market continued to decline and hit lows about 4 days ago at a price of $ 19700, and it was not long because the price was able to return to $ 20k and today it has risen more than 9% to around $ 24500, hopefully this day will continue and the price in March it can touch $ 25k, I'm sure if the price of $ 25k can be reached it will be trending on many social media so that it will keep the price going up.
Yesterday the price fell again below $20k, of course this was unexpected because in january the price skyrocketed from $17k to $23k or up more than 40%, but whatever happens with the current price won't make me panic because I want to sell bitcoin if the price is over $50k.
Such is the fluctuation in the price of bitcoin that it can cause a decrease or an increase. If we look at the recovery point at the beginning of this year, then many people predicted this was a move towards the $50K price but eventually the correction also came back. For some long-term holders, whether or not a correction is not a problem for investments made in bitcoin, because when a correction occurs it can be used to buy.Panic will not bring anyone to a solution and the steps you have taken are correct, you just need to be patient and stay calm in the current correctional conditions because the recovery process is expected to continue after some market sentiment ends.
it is right to say that 2023 started a good performance and of course till end of February , but look now at march maybe we can see another act of bad marketing and we must be ready for what to come?
Now in March the price of Bitcoin is still at $20K and that's not too bad in my opinion as in the last two months Bitcoin has only touched $25K for an initial recovery after last year's big drop. And I'm fully prepared for what's going to happen to Bitcoin in the next month because I still have faith that Bitcoin won't stay at $20K for too long.Supposedly if the market doesn't face any bad news then march will be ok but we are facing some news affecting the crypto market so many assumptions that the market will collapse we have to stay optimistic because the market is starting to recover again and we hope not to go back to $19k price , the current price scheme has been unprecedented for the past 3 months and it is very potential that the market will increase significantly ahead of the halving.
Not so much bad news this month, but it can still influence the price of Bitcoin in the market and can still make some people who hold Bitcoin panic so that the release of Bitcoin at cheap prices still happens very often and this is something that is not wanted by those who still hold Bitcoin and believe in a better price for Bitcoin. Hopefully this month the Bitcoin price won't create another low price because I'm being patient to see the next halving and the next ATH on Bitcoin.
The current situation has depressed the Bitcoin market. Bankruptcy in the United States has caused the price of Asbi Coins to skyrocket. Bitcoin market down due to Silicon Valley Bank bankruptcy. Because all the victims have affected the Bitcoin market due to stock withdrawal which has led to this cryptocurrency market crash today.
it is right to say that 2023 started a good performance and of course till end of February , but look now at march maybe we can see another act of bad marketing and we must be ready for what to come?
Supposedly if the market doesn't face any bad news then march will be ok but we are facing some news affecting the crypto market so many assumptions that the market will collapse we have to stay optimistic because the market is starting to recover again and we hope not to go back to $19k price , the current price scheme has been unprecedented for the past 3 months and it is very potential that the market will increase significantly ahead of the halving.
Yesterday the price fell again below $20k, of course this was unexpected because in january the price skyrocketed from $17k to $23k or up more than 40%, but whatever happens with the current price won't make me panic because I want to sell bitcoin if the price is over $50k.
still a roller coaster mate , expectation in march is not different from February because the market keeps being stagnant at 20k level though it breaks 25k couple of times but still falling to 22k now.
maybe this is the same at last month , 1st quarter will remain like this lol.
maybe this is the same at last month , 1st quarter will remain like this lol.
Bitcoin started the year with a healthy uptrend and relieved crypto investors. But since the end of February till now it is again a depressing and slow market condition for crypto investors.
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I think the market will remain like this until next April, maybe we can see a healthy uptrend again in April. Crypto investors will take their next decision based on market conditions.
recording the market now ? yeah the price returned to 20k level again now but yesterday it dumped badly to 19k.
Just as everybody else was saying, I also don't expect much huge changes on this short amount of time.
I've seen a couple of threads with almost the same question as this one. The only thing that varies is the time period, still my answer is the same not unless there is something that can provoke the economic situation that can hugely affect crypto.
There are even companies related to crypto who withdrew there investments yet there isn't much change on the market price, and that's enough proof for me that on this short period of time there wont me nothing much to expect.
I've seen a couple of threads with almost the same question as this one. The only thing that varies is the time period, still my answer is the same not unless there is something that can provoke the economic situation that can hugely affect crypto.
There are even companies related to crypto who withdrew there investments yet there isn't much change on the market price, and that's enough proof for me that on this short period of time there wont me nothing much to expect.
March has been running for 9 days and I think what has been achieved at this time is quite good, although today there was another correction and it seems that it will fall again below $ 20k, let's wait whether 24 hours later the price will leave $ 20k or drop below $ 20k, if bad thing happened that the price was under $20k so I'm already prepared about $250 to buy again.
legendary
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Things are getting worse, too much negative news is hitting the market.
Yes, Silvergate has announced a shutdown and will be liquidating all assets, including cryptocurrencies. After 2 hearings of the Fed Chairman in the House and Senate, all predict they will raise interest rates by 0.5% is almost inevitable, and the bad news I have just updated is that the US president proposed to change the tax regulations for crypto.
After 2 months of recovery, now is the time to prepare for a correction and possibly a strong correction. I predict bitcoin can drop to 20k.
The point is that everyone who has ever been involved in investing in Bitcoin will hope to be able to make purchases and provide maximum profits, correction factors that occur in the market can sometimes benefit those of us who do not have large capital, so we can take opportunities to buy. To be honest I hope that for the next few months bitcoin will stabilize around $20k, so that it can be used to make purchases for anyone, because the ATH achievement process is likely to occur in the next year.Yes, Silvergate has announced a shutdown and will be liquidating all assets, including cryptocurrencies. After 2 hearings of the Fed Chairman in the House and Senate, all predict they will raise interest rates by 0.5% is almost inevitable, and the bad news I have just updated is that the US president proposed to change the tax regulations for crypto.
After 2 months of recovery, now is the time to prepare for a correction and possibly a strong correction. I predict bitcoin can drop to 20k.
Taking advantage of buying during a downturn will lead to huge profits when bitcoin will again reach ATH, that's why the ongoing correction process will provide great opportunities for people with small capital to invest.
What you say is not wrong, if we are long-term investors with the foresight to achieve greater results in the future, it is clear that the bitcoin drop is an opportunity, not a panic.
Today bitcoin has also dropped below 20k, it is difficult to know if it will fall further, but this price is already too low for those who missed bitcoin in 2022. I expected bitcoin to recover and hit $25k before correcting back, and now things are going according to my expectations. I am ordering from today.
Of course I hope that March will rise and reach $30k soon, if the market is still like it is at this time of course it will be difficult to rise until the end of the year, I'm sure if there are no cases like LUNA and FTX until June then this year the market will rise again, lots of analysts believe 2023 determines whether bitcoin's future will be bright or dark again in the following year.
hero member
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Things are getting worse, too much negative news is hitting the market.
Yes, Silvergate has announced a shutdown and will be liquidating all assets, including cryptocurrencies. After 2 hearings of the Fed Chairman in the House and Senate, all predict they will raise interest rates by 0.5% is almost inevitable, and the bad news I have just updated is that the US president proposed to change the tax regulations for crypto.
After 2 months of recovery, now is the time to prepare for a correction and possibly a strong correction. I predict bitcoin can drop to 20k.
The point is that everyone who has ever been involved in investing in Bitcoin will hope to be able to make purchases and provide maximum profits, correction factors that occur in the market can sometimes benefit those of us who do not have large capital, so we can take opportunities to buy. To be honest I hope that for the next few months bitcoin will stabilize around $20k, so that it can be used to make purchases for anyone, because the ATH achievement process is likely to occur in the next year.Yes, Silvergate has announced a shutdown and will be liquidating all assets, including cryptocurrencies. After 2 hearings of the Fed Chairman in the House and Senate, all predict they will raise interest rates by 0.5% is almost inevitable, and the bad news I have just updated is that the US president proposed to change the tax regulations for crypto.
After 2 months of recovery, now is the time to prepare for a correction and possibly a strong correction. I predict bitcoin can drop to 20k.
Taking advantage of buying during a downturn will lead to huge profits when bitcoin will again reach ATH, that's why the ongoing correction process will provide great opportunities for people with small capital to invest.
Such negative news will naturally slow down for the market. The negative attitude towards crypto is a major hurdle to overcome. We know that as interest rates rise, people will be discouraged from investing. Borrowing at high rates can have a major financial impact on repayments. As a result, there will be a major shortfall in investment in that country and overall negative for the financial sector, Stock exchanges and trading platforms. The current US negative attitude could certainly push the price of BTC below $20K.
legendary
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Doesn't look good isn't it this March, just past a week and the price is way below $22k now, current price is $21,6xxx. Maybe it was because of the FED numbers or that Silvergate news today and says that they are shutting down it's operations and liquidating every one.
So it's hard to see $25k for this month in my opinion. We need positive news around to turn the market around just like January.
And there are no news coming so I guess we should be on a lookout if the price will go to $20k, the biggest support line.
So it's hard to see $25k for this month in my opinion. We need positive news around to turn the market around just like January.
And there are no news coming so I guess we should be on a lookout if the price will go to $20k, the biggest support line.
Things are getting worse, too much negative news is hitting the market.
Yes, Silvergate has announced a shutdown and will be liquidating all assets, including cryptocurrencies. After 2 hearings of the Fed Chairman in the House and Senate, all predict they will raise interest rates by 0.5% is almost inevitable, and the bad news I have just updated is that the US president proposed to change the tax regulations for crypto.
After 2 months of recovery, now is the time to prepare for a correction and possibly a strong correction. I predict bitcoin can drop to 20k.
Doesn't look good isn't it this March, just past a week and the price is way below $22k now, current price is $21,6xxx. Maybe it was because of the FED numbers or that Silvergate news today and says that they are shutting down it's operations and liquidating every one.
So it's hard to see $25k for this month in my opinion. We need positive news around to turn the market around just like January.
And there are no news coming so I guess we should be on a lookout if the price will go to $20k, the biggest support line.
So it's hard to see $25k for this month in my opinion. We need positive news around to turn the market around just like January.
And there are no news coming so I guess we should be on a lookout if the price will go to $20k, the biggest support line.
Traditionally March hasnt been the best "green" month for Bitcoin.
https://twitter.com/relai_app/status/1554144928959270912
Personally I think March will be similar to February, we might have some price pumps
but wont be anything substantial, still a bit early for the Bulls, but they are coming !!
but looking at that chart? it shows that in march also happened the second highest spike from Bitcoin price amounting to 171%? back in 2013 and also the highest happened same year when bitcoin increased 400% percent.https://twitter.com/relai_app/status/1554144928959270912
Personally I think March will be similar to February, we might have some price pumps
but wont be anything substantial, still a bit early for the Bulls, but they are coming !!
this shows only one thing that there is no complete list to tell market what can achieve , either this is January to December because the volatile market like this will keep making its way to the top or the opposite side.
It has been a negative moment for bitcoin since March has started. Bitcoin is losing price since then, hiting the 22,000$ support level already, in a very sharp momentaneous crash. Although there was a recovery after that, it still looks a pretty bearish moment, which can continue pushing btc price down to lower and lower support levels. The tendency indicates pessimism among crypto investors for now.
That is mostly because price failed to break $25k resistance. Usually the day traders panic sell when something like that doesn't happen, hence create this kind of drop. We are still far above the resistance so I wouldn't start talking about pessimism yet.The other reason is of course the terrible economic situation that is going on everywhere with inflation and recession.
prepared for whatever things that might happen because this is how this market do acts out which you should really be that versatile.
It has been a negative moment for bitcoin since March has started. Bitcoin is losing price since then, hiting the 22,000$ support level already, in a very sharp momentaneous crash. Although there was a recovery after that, it still looks a pretty bearish moment, which can continue pushing btc price down to lower and lower support levels. The tendency indicates pessimism among crypto investors for now.
That is mostly because price failed to break $25k resistance. Usually the day traders panic sell when something like that doesn't happen, hence create this kind of drop. We are still far above the resistance so I wouldn't start talking about pessimism yet.The other reason is of course the terrible economic situation that is going on everywhere with inflation and recession.
Despite Fed's Jerome Powell speech today that the ultimate level of interest is likely to be higher than previously predicted, Gold reacted and dropped in price But Bitcoin had a slightly drop to $21,950 and later absorb the news, and has still not break the daily support level at $21k, this shows sign of strength and also shows that Buyers are still active in the market. It likely that the month of march Bitcoin will likely do more of consolidation.
Ok, thanks for this news, so it's most likely the cause of the sudden drop, fortunately, it is still above $22k now, so it bounce back. As we all know, every statement coming from the Fed is really going to affect any market, including gold.Hopefully we can go back to $22,500 because that is the price prior to the announcement from Feds.
It's just a couple of hundreds of dollars and most likely we can get it thru this week.
Despite Fed's Jerome Powell speech today that the ultimate level of interest is likely to be higher than previously predicted, Gold reacted and dropped in price But Bitcoin had a slightly drop to $21,950 and later absorb the news, and has still not break the daily support level at $21k, this shows sign of strength and also shows that Buyers are still active in the market. It likely that the month of march Bitcoin will likely do more of consolidation.
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