Expectations for March?! - page 7. | Bitcointalksearch.org

summonerrk

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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?

The bitcoin price forms a very strong support level starting from 2019-2020, and it will not let the price fall below. In the current period, the price may fall to it in order to consolidate, after which it will certainly go up, and this is even worse if there is some very negative news. Therefore, keep in mind that you can buy somewhere for $ 17,000. I really do not recommend selling Bitcoin now. And I want to note that this forecast is just for familiarization. I do not give guarantees, you make all the decisions yourself!

aoluain

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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 !!

Coin_trader

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Looking at the monthly chart. Considering the price will stay at this range then Bitcoin will form a doji candle which means that there will a strong movement on either but more on a bearish movement using indicators. A doji candle on a monthly timeframe always results to a change of thread which is bullish to bearish base on the current price condition.

TA wise, March will be another bloodbath but the CPI results is a wild card to change the direction of the trend since FA is more powerful than TA in time like this that the price is currently in sideways.

_BlackStar

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

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?

A recession is just a problem economy but maybe we don't realize it ^{[is happening or will happen].} Many people consider inflation and other things before making their investment decision, but that hasn't deterred some from jumping in and buying at every dips. A fair consequence is to remain optimistic about bitcoin, it will only improve over time and maybe we will miss the train if we doubt its potential.

Sooner or later $23K will just be support for the bitcoin price which will jump up - and it's only matter of time before most people believe the bearishness has passed.

bettercrypto

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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?

I think this March the resistance will only play between 23k$-25k$ we are only in the first month of the year 2023 so we can't say what can happen yet.

This is still based on my speculation, because what's important to me is that I can keep bitcoin in my wallet address little by little so that I don't end up with a zero balance in bitcoin when the bull run finally enters.

STT

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If BTC were to stay in line with the 50 day average for the duration of March and the gradient of gains remained the same it'd give an end price of about 26k. Nothing dramatic but alot more positive then having to retrack through all the 20k prices. Most people dont think BTC will descend into the teens again though it could given enough bad news and fear in the markets.

S A KHAIR

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I am still very bullish, and I expect that bitcoin can still touch 26k-27k before there is a big correction. In 2022 many people think that it was the economic crisis that caused the price of bitcoin to drop, but I believe that 2022 is a bear year, crisis or not, bitcoin will still fall and FTX or luna will still happen. Bitcoin is still being manipulated rather than operating according to the economic situation.

pooya87

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The negative effects of US economy slowly falling apart seems to have practically vanished from bitcoin market. Apart from CPI we also have the US stock market in a pretty ugly shape with continued dumps. For example S&P 500 has been dumping all through February, that's even despite the market makers' attempts at reviving the market with pumps in January.

If this trend continues we could start seeing bigger bitcoin price rises in the coming months and possibly even going back closer to more realistic values for bitcoin than the current undervalued state that got stuck.

Nrcewker

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March will be really important for the Bitcoins and where it will go for the rest of the year. February started with very positive signs. Suddenly from 19k usd Bitcoins went to 25k usd, and gave us a big hope for the year. But last week, it’s really hard for Bitcoins. The price is fluctuating and Bitcoins trying really hard to break the 25k usd resistance and come out. If Bitcoins anyhow manages to cross 25k usd this month and touch 26k usd, then definitely next month we will see high graphs and green charts. I am expecting in March Bitcoins will at least come to 40k price range. Let’s hope for the best.

cryptoaddictchie

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

I would like to know what most of the ppl think here. Do you still believe in the word recession?

We are in the midst of it still but market has their own cycle. Yes the bps rate really plummeted the price but it does show how scared some people for a lower level but turns out it did rally up to 23k. Not sure about the month of March but probably another rally again, cause reaching 30k is quite hard at the moment. Ive seen the price of btc being held up at 25k and from there we didnt break any levels means still too early. Maybe when we are close to halving we can feel the effect of a hurry run for btc price like the old historical information when bull run always on the go.

cryptomaniac_xxx

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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?

I think still depends on the CPI itself, not sure though, did it react the opposite? I thought when the Feds say that they are going to increased again that's why the prices goes down hard from $25k to ~$23.

In any case, I think i March we might see some flash of $25k and maybe we will try to attempt another to get over that price and then maintain.

However in the 4th week of the month, the price might reacted to price future expirations.

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Quote from: CageMabok on February 26, 2023, 02:14:13 AM

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?

For the recession, I still believe that even though it might only be created intentionally by certain parties. But besides that I also still believe that the increase in Bitcoin prices this year is still possible to occur even though market conditions are starting to look different now, because I assume that the price correction that occurs in Bitcoin in these two days is not too deep from the price that was once at achieved by Bitcoin this month. Then what about you, is there another understanding of the recent Recession and Correction of Bitcoin prices?

Spring has more often than not been positive for cryptocurrency. I don't pay attention to the weekly death cross, it seems to me that these are fears for crypto investors. I think the current price correction of all cryptocurrencies will continue in early March, but in general I think the bottom is already passed and we will see new growth in cryptocurrency. Especially until China allows crypto buying again this summer.

Edwardard

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Quote from: Cuenta Alternativa on February 26, 2023, 01:47:58 AM

In short, I think we are likely to stay between 20 and 30 thousand for this month.

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.

Quote from: CageMabok on February 26, 2023, 02:14:13 AM

Then what about you, is there another understanding of the recent Recession and Correction of Bitcoin prices?

I agree with your points. Price started to behave differently starting this year. It seems like majority of the ppl sold everything and the bots are helping to build most of the PA now. And for the recession part, 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?

CageMabok

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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?

For the recession, I still believe that even though it might only be created intentionally by certain parties. But besides that I also still believe that the increase in Bitcoin prices this year is still possible to occur even though market conditions are starting to look different now, because I assume that the price correction that occurs in Bitcoin in these two days is not too deep from the price that was once at achieved by Bitcoin this month. Then what about you, is there another understanding of the recent Recession and Correction of Bitcoin prices?

Cuenta Alternativa

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

Considering all these scenarios of feb in mind and the current weekly death cross, what are your expectations for the upcoming month?

I don't expect big movements up or down, although something can always happen that we don't foresee now that will make the price move a lot. As we get closer to the halving, I would expect to gradually move upwards and above the $30,000 barrier, although the bull run does not usually happen until a year later, but this price is very cheap and most of the bad leverage has already been liquidated, so the medium to long term trend that I expect is upwards.

In short, I think we are likely to stay between 20 and 30 thousand for this month.

Edwardard

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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?

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