Expectations for March?! - page 6. | Bitcointalksearch.org

justdimin

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Quote from: Fundamentals Of on February 27, 2023, 08:49:19 PM

The whole February ride was indeed like a rollercoaster. In the second half of the month, there were repeated attempts to break the $25,000 resistance. It proved to be a solid one. There was rejection every time. But the rejection cannot also give a solid blow because the support at the $23,000 level is also a bit solid. It has been holding strong and even serves as a platform for another attempt.

March could either be a make or break for Bitcoin. It is either $25,000 and beyond or $22,000 and below.

I do not think that we are at that "make or break" level just yet. Even though I believe that we are going to break above 25k during march, I also think that even if we fail to do that, we are not going to suddenly start dumping neither, it is going to be fine and we are going to do fine. We just need to make sure that we could handle all of this in the long run by making the price stable, if we can achieve that then we should be going higher just fine when the time comes.

However, if we fail to make it stable, then whenever it fails to go up, it will go down like you said and that's not good for us, it takes time to recover from that. We need to try at 25k then go back to 23k and keep doing that.

savetheFORUM

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Quote from: ilovealtcoins on February 27, 2023, 06:03:00 AM

My Bitcoin prediction will hit $30k in March, but then there will be a correction below $20k. I still think this year will still be a bearish year, not a bullish year because looking at the economic situation, it is difficult to expect a strong recovery. And we are still far from halving, expecting a bull season before halving is extremely difficult.

I don't really think there will be a correction back to $20k if the price once manages to reach $30k or go across that line. Currently, $25k is the resistance, and breaking that would give us the next target which is $30k. If it touches that, we will definitely see it touching a higher point and then we will most likely have $30k as support as it moves forward.

Although it's all speculation, these seem to be the most possible outcomes seeing the current price and its movements. If it goes back towards $18k from this point, it will definitely take more than a month again to recover from all this.

SirLancelot

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Quote from: _BlackStar on February 27, 2023, 12:29:49 AM

Regardless of whether March is not so great to expect price hikes, in reality we still don't know.
I just don't think you should worry enough about short term price volatility because basically not everyone expects short term gains. Even if bitcoin can break below the $20K support, then that will only give long term traders and investors an opportunity to get one more dip to buy.

Just invest and hold on brother, it is one of the best options to prepare yourself for good benefits in the long term. I have had this belief from the start, and it should be shared by other users as well.

We are still good despite of some tiny falls so I expect that march is going to be a positive month for Bitcoin. Very different from what we have on the past march. We don't know maybe the guy is into shorter terms, that is why his a bit worried so we must respect him. Like I said earlier, the price isn't really bad so maybe he can sell now as long as he still have a time because the month of march is now approaching.

This is for him to not have regrets in case the price ever dips but for us who are into longer terms, there is no need to wait for the price to go below $20k but we can always do a DCA. Long terms investors must seek for ATHs only, not ATLs.

_BlackStar

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Quote from: Agbe on February 27, 2023, 01:58:43 PM

Yes February is a blessing to some of the new comers to BTC and not to the old users. For the month of March, bitcoin will still be maintained on the level of 23 to 24 interval rate.

I guess it's the same, it makes no difference. If new users had the opportunity to buy at a dip during February, then it makes sense to think of existing users buying it too. Imagine how many existing users are considering DCA in these market conditions, so in the end everyone can benefit from it.

The $23K - $24K level is possibility if the market doesn't get hit by bad FUD. On the other hand, trends can change quickly causing panic which in turn causes the price to fall below the expected support level. But anyway I think $25K is resistance which will soon be hit and defended.

Fundamentals Of

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The whole February ride was indeed like a rollercoaster. In the second half of the month, there were repeated attempts to break the $25,000 resistance. It proved to be a solid one. There was rejection every time. But the rejection cannot also give a solid blow because the support at the $23,000 level is also a bit solid. It has been holding strong and even serves as a platform for another attempt.

March could either be a make or break for Bitcoin. It is either $25,000 and beyond or $22,000 and below.

Cryptomiles1

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Let just be positive over upcoming month we are already rolling in and I think we don't need to panic over it because the market is filled with lots of surprises, you might predict or expect the market to be at uptrend without knowing is going sideway. From my little knowledge I know we are still at a good entry point which if anyone wants to buy then he is at a very good point to venture into it.
As per the hodl they should be very strong at holding.

Agbe

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Quote from: Edwardard on February 26, 2023, 12:59:04 AM

The bitcoin price movement was pretty much a roller coaster ride in a range for the whole feb. Despite the bad CPI data from the US, the price jumped from 22k to 25k and even above. And after all that, we still got 25bps rate hike (instead of a 50bps), but the price reacted opposite again and dumped (from 25k to current price of ~23k).
Considering all these scenarios of feb in mind and the current weekly death cross, what are your expectations for the upcoming month? I would like to know what most of the ppl think here. Do you still believe in the word recession?

What you think will happen to BTC in the next few minutes is always different from your thought. That is bitcoin is unpredictable. But we can just give a guess work that can be closer to the prediction. Yes February is a blessing to some of the new comers to BTC and not to the old users. For the month of March, bitcoin will still be maintained on the level of 23 to 24 interval rate.

salad daging

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Quote from: Dickiy on February 27, 2023, 12:47:19 PM

Bitcoin in February has twice tried to penetrate more than $ 25k but finally failed and was forced to experience a correction to form stronger support for bitcoin and I think this will last about two weeks or three weeks if there is no FUD circulating for bitcoin as we know that bitcoin is quite sensitive to news.

I still believe in a recession, but there are several possibilities that a recession will not occur if everything returns to normal, at least economic turnover and growth are going well, even if a recession occurs it will not have a global impact, maybe only certain countries will experience it.

Actually in February is quite high because we are in the range of $23k, I think Bitcoin can still last even though it is $25k it doesn't last long to maintain it, but indeed the support point is still quite strong even Bitcoin is almost $24k but it drops for a few moments and indeed At least it takes a few weeks to get to a higher level in March there is still hope where Bitcoin will return to become a positive trend again.

I am not very worried about this recession is still quite normal and there will be no worse impact but with a few strong countries they can survive and only a small country might feel that impact, whereas on the influence of bitcoin it will not make its value down more severe Because investors are quite sure they can survive with Bitcoin.

Dickiy

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Quote from: Edwardard on February 26, 2023, 12:59:04 AM

The bitcoin price movement was pretty much a roller coaster ride in a range for the whole feb. Despite the bad CPI data from the US, the price jumped from 22k to 25k and even above. And after all that, we still got 25bps rate hike (instead of a 50bps), but the price reacted opposite again and dumped (from 25k to current price of ~23k).
Considering all these scenarios of feb in mind and the current weekly death cross, what are your expectations for the upcoming month? I would like to know what most of the ppl think here. Do you still believe in the word recession?

Bitcoin in February has twice tried to penetrate more than $ 25k but finally failed and was forced to experience a correction to form stronger support for bitcoin and I think this will last about two weeks or three weeks if there is no FUD circulating for bitcoin as we know that bitcoin is quite sensitive to news.

I still believe in a recession, but there are several possibilities that a recession will not occur if everything returns to normal, at least economic turnover and growth are going well, even if a recession occurs it will not have a global impact, maybe only certain countries will experience it.

Reid

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Same, I am not expecting a lot on the upcoming months. While the economy is still not doing better we should not anticipate a bull run to happen. $22k-27k. That's my price range. If it goes 27k, I will rejoice because that means we are breaking floors every month. Even if it will be a slow reaction up, it is a positive movement. That could also mean investors are putting their trust back on saving more Bitcoin rather than cash which also means the economy is getting better.

LogitechMouse

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That Blue line over the picture that I just share is the 200 daily EMA. A strong indicator to know whether a cryptocurrency or a particular stock market is on a downward or an upward trend. Right now, Bitcoin is above that EMA meaning it's on an upward trend. It tried to go below there once, but it bounces up again.

I think as long as Bitcoin will not go below that 200 daily EMA for the month of March, I expect Bitcoin to go up to even higher than $25,000 unless something negative happens that will affect the whole crypto market. My early prediction of $17,000-$25,000 might not happen anymore, but who knows. The current price of Bitcoin right now is within the range of my prediction.

yudi09

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We'll see what price Bitcoin ends up at at the close of February. $25K is still the price we expect as support in March although the market is still running with its current cycle.
Later in March we are still waiting to see what the level of recession will be as it could affect the economy as well.

$18K has passed and $25K has been reached. Now the price is back to $23K. Therefore, there is no particular expectation as we are still enjoying how Bitcoin travels from month to month and year to year before the new ATH arrives.

ilovealtcoins

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My Bitcoin prediction will hit $30k in March, but then there will be a correction below $20k. I still think this year will still be a bearish year, not a bullish year because looking at the economic situation, it is difficult to expect a strong recovery. And we are still far from halving, expecting a bull season before halving is extremely difficult.

posi

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I have no prediction for March, but what I do expect is bitcoin could fall again, and if it can drop below $20k, that will be a very good price, simply because I want to buy bitcoin at a lower price than now. To be honest, bitcoin's price appreciation too fast and too soon will cost us the opportunity to buy bitcoin cheaply. Because I believe that once bitcoin goes up again, we won't have a chance to own it at a low price, which is a sad thing, not a happy thing.

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Quote from: Edwardard on February 26, 2023, 12:59:04 AM

what are your expectations for the upcoming month? I would like to know what most of the ppl think here. Do you still believe in the word recession?

From my own view,the correction price of bitcoin from 25k-23k,shows that bitcoin will go above 25k by March. The 25k price resistance is a significant of what happened late January bitcoin price movement to February when bitcoin resistance price was 23k. From 23k,the price went down to 21k and after that, what we notice was that the price pumped back to 23k+ and after that it moved gradually to 25k,that is how it breaks through the resistance price. This year bitcoin price will pump high. To finalize it all bitcoin price will get up to 26k-27k this March. We are close to the bull run,I don't think that the economy can have any effect on this because Bitcoin movement is cyclic. I actually don't bother myself about the price,since I am hodling for long.

_BlackStar

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Quote from: aoluain on February 26, 2023, 11:46:11 AM

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 !!

Regardless of whether March is not so great to expect price hikes, in reality we still don't know.
I just don't think you should worry enough about short term price volatility because basically not everyone expects short term gains. Even if bitcoin can break below the $20K support, then that will only give long term traders and investors an opportunity to get one more dip to buy.

Just invest and hold on brother, it is one of the best options to prepare yourself for good benefits in the long term. I have had this belief from the start, and it should be shared by other users as well.

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Quote from: Edwardard on February 26, 2023, 03:44:10 AM

Mate, thats quite a big range you are talking about. Its almost 50% price difference between 20k and 30k Cheesy

Its already a sort of bull run if price goes to 30k from here.
<...>
I believe this will go up slowly upto 32k and then a flash dump like covid ?! (upto 15k again), followed by a full strong bull run thereafter to new ATHs.This is the most probable and deadly situation which arises in my mind Cheesy

But this is not what is going to happen in march imo, maybe will take another 6-7 months?

So, you criticise me for what you think is too wide a range and now you are making predictions 7 months ahead instead of this month, which is what the thread is about?

Grin

I see you lead by example, my friend.

Let me have your crystal ball, which is obviously better than mine, and see if I can guess this month's price. Wink

adaseb

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The 25bps that we got was already priced in. We got bad data after we got that fed hike. It all started with the extremely low unemployment, high CPI, higher revised previous CPI, PPI and PCE which was a couple of days back. Its not looking good.

If we get a 50bps hike, which is possible then its not good for Bitcoin or the stock markets. However we will most likely get a 25bps hike since the fed doesn't seem to want to be too hawish and break something like the BoE credit market last year where the BoE had to intervene.

Baofeng

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I will be bullish for March still, I think we can get to $25k, just in the last 24 hours, we have a good pump and hopefully we can maintain around that $23,500 to $24'ish as we enter March.

And so it's just a thousands of dollars pump and I think everyone is waiting for the biggest barrier to be reach and broken again. CPI reports might be that catalyst and hopefully it will be a positive news for next month. It's just the question of how we are going to sustain the price at $25k again.

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Quote from: Edwardard on February 26, 2023, 12:59:04 AM

The bitcoin price movement was pretty much a roller coaster ride in a range for the whole feb. Despite the bad CPI data from the US, the price jumped from 22k to 25k and even above. And after all that, we still got 25bps rate hike (instead of a 50bps), but the price reacted opposite again and dumped (from 25k to current price of ~23k).
Considering all these scenarios of feb in mind and the current weekly death cross, what are your expectations for the upcoming month? I would like to know what most of the ppl think here. Do you still believe in the word recession?

Recession might still play a significant determinant of the bitcoin price movement in the coming month. So I wouldn’t be surprised if it affects the price this coming month. But my guess is that since it could still maintain this level despite the bad CPI data from US, holding on to the 22-25K range, then recession effects on the price movement will significantly and continue reducing overtime. If it holds this range, I foresee a price movement to about 30K next month.

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