The price of bitcoin remains in a technical improvement, and ongoing improvements may remain for a few weeks.
Bitcoin (BTC) reached down to $ 82,177 this week as it briefly went to a bear market. Since then this strong NVidia has creeped back to $ 86,200 after income results.
An unnamed crypto analyst Predictive This bitcoin and other altcoins will crash by 13 March. He claims that the period between 25 February and 13 March is often risky for cryptocurrency and stock.
In this case, their argument is that bitcoin is in the so -called Saturn combination, which is associated with contraction and significant improvements. This period is often associated with conservative strategies, such as safe-hevan property.
The analyst predicts that the price of bitcoins running till March 13 or 14 will continue to fall when the lunar eclipse occurs. In astrology, a major event such as lunar eclipse is often associated with emotional and subconscious changes.
There are fundamental and technical factors supporting the recession attitude. Fundamentally, the spot bitcoin ETF has continued to look at strong outflows, an indication that American investors are living on the shore. Sosowalu Data shows that all spots bitcoin ETFs have experienced outflow in the last seven days.
In addition, there are indications that Donald Trump will proceed with his tariff, leading to greater instability in the market. For example, the bitcoin value crashed earlier this month when they unveiled tariffs on Mexican and Canadian accessories.
Bitcoin price technology indicates an accident
The BTC value has also created several technical patterns that can indicate in the near period and downwards. It has formed three dark crow candlestick patterns, characterized by three consecutive recession candles. For example, the current rebound may be a dead cat bouncing or a bull mesh. A bull mesh occurs when a decline is temporarily a property in the rebellion before starting a decline.
The price of bitcoin has also gone under the Ichimoku Cloud Indicator and has formed a double top pattern, its neckline at $ 89,107. The distance from top to neckline is about 18%. The decline of 18% from this level indicates a decline of high levels of high $ 73,613 in March 2024.
