Bitcoin Forum

Hey guys...  Here we are again and it looks like the final day of Feb could be giving us hints of what’s in store for the market for the month of March.  ;D  And it’s obv looking really good!  Nothing like a long green candle to get those dopamines going.  Lol.

Anyway here’s a chart.  Same levels of resistance as last month, both at around 45k and and 51k.  I’m feeling good about this one tbh.  Leeezz gooo!

https://i.imgur.com/JEWjy7f.jpg

Typical, isn't it? Just as you're psychologically prepared to sit in for long months of stacking and balancing bad prices, markets shoot up again. I'm going to take a dumbfire approach, replicating my February initial stance: sit and hope for sustained weeks above $40k. I don't mind if we don't see 50k, or even 45k, I just prefer full weeks with a strong support at 40k. Get that MA stable again.

Of course, with you-know-what situation going on, be naive to expect any kind of stability for March (or April).

Well, it looks like the market manipulation couldn't last that long since they could only keep the price below $40k only for a handful of days. It seems like the $40k level is going to be a thorn in bearwhales' side again. We still have to wait and see whether the market manipulators have run out of steam or not.

^  Then again it could be the same manipulators getting the price above 40k.  :D  I mean as you said it, they’re the manipulators.  They made it their job to stop run and move markets for profit at our expense.

So if 40k holds, do we thank them for it too?  ;D


I guess...  But I’d feel a whole lot better seeing more green candles in the coming weeks.  Bitcoin is due ffs.  That higher low and the couple of long bottom wicks are good signs that BTC could start trending up imo.  

If it wasn’t for billions of dollars in Bitcoin waiting on the sidelines for regulators to decide it’s fate, I imagine Bitcoin would have gone much higher. However, there are some very real concerns of large amounts of Bitcoin hitting the market and sending prices towards a collapse. I don’t see the price falling below $10K for any sustained period, but one should be aware of the very real threat of finex and gox coins sending the market lower like we haven’t seen in quite some time. Even with today’s market demand, I think absorbing several billion dollars will be a challenge.

I can be wrong with my analyses, but what I am thinking about is that $40000 resistance may not hold, there are likely chance that the price of bitcoin will still fall back below $40000 and this price can become a resistant price again. But most importantly, it is good to know that bitcoin price and other cryptocurrencies are no controlled by the war that is going on between Russia and Ukraine, even if the price of bitcoin increases or falls, it is just normal. Even if the war will affect, it will be a possible effect that can lead to bitcoin price to increase.

I voted for Yes, just right now we have broken that $40k barrier, and it seems it is holding as of now at it goes to $41k. And maybe we can go as high as $45k this month before we can see some correction.

I don't want to attribute the current surge in price to the war, but it seems this is the case right now. Maybe wealthy people are putting their wealth into bitcoin specially people near the border of Russia and Ukraine.

Voted for yes.
Although I have this belief that whenever March is approaching, there's always the bearish side and impression that it got me thinking. But as this day ends, we've seen how it quickly jumped to $41k.
It's about to cross $42k and if it's going to be there, we shall see that it's going to hold $40k. I guess my impression for this month would have changed already in a glance due to the spike.

As a new month is about to start, so is the market movement. The price have crossed $42000 which is really a big thing amidst the war that has shattered the market in the beginning. The market have got inflow of investment from people around the world to keep their money safe. Another thing is the usage of cryptocurrencies in large scale by the countries involved in the war. As the market is independent and decentralised this growth is being experienced. But, anytime this could crash relative to the war move. If talks results positive, the growth will continue and $40k will sustain.

Heck of a move today, I think we top out around 47k area as this is near 200 day and old trends.          If any had doubts we are positive, surely not now:
https://i.imgur.com/BN3xjxN.png

We have passed the 50 day average but its important we close outside of the previous range to capture these current gains.   That would mean a closing weekly bar above 43k should be shown for this month and going into the end of March, if we do that we should be very positive.

I also like the sentiments so far, so a yes for me.

Actually we have reach at high as $41k, it's impressive that from the start of the news about the war the market plummeted by now has recovered what we have lost and then gain some. And we have seen that if a whole number resistance is broken, it will continue until like the mid high. So this might be the case for this month and I will not be surprised if this spike could go $45k.

I sure do hope so. I was kinda debating whether I should start selling again and buy at the dip since I mostly DCA, but since the market just sustains the same pattern which looks like it's going to be stabilized on, I'd rather just hold really. I'd much rather hope for a steady sustainable market right now, I reckon the dip from the ATH from these past few months should be enough and we wouldn't be seeing any more big dips for now, unless ofc, the current situation evolves in a way that it would heavily influence the market, FUD or not.

What if this is not a market manipulation but in fact the market reverses direction.
Because I feel bitcoin will stop rising at around $45k.
When the price reaches $40k the bear whale will be hot to see the market situation.

What I most appreciated when February ends is when the daily timeframe candle closes above 13, 21, 50 EMA. Very good sign for the start of the month. And I really believe that this March will be short-term - mid-term bullish.
If you also take a look at the monthly candle, the Febrauary candle closes as a green candle, a good sign for me too for mid-term scenario even what happened between Ukraine and Russia.

https://i.imgur.com/SgATz2D.png

Glad to see bitcoin back to $43k this March ;D
It is a good start in the new month and we can hope it will still be like this and reach the high price.
But we should not feel too happy because the correction can come anytime and there is no guarantee for the price to increase.
At least, it is a good profit for those who bought bitcoin below $40k so congratulations to you all.
This sentiment can continue this month, especially if more support comes in these situations.

Nothing makes the day more exciting than seeing a long green candle. I was quite surprised at how quickly $40,000 was broken and left behind. February ended with quite a bang. March now enters with a promising outlook. I guess the overall sentiment has now gone back to being bullish. I hope that this time around the $40,000 level would be sustained. $45,000 is the next target. Sustaining that as well will push the price up toward $50,000.

It’s hard to say what kind of month we will have in March. There is just way too much going on.

We are going to have the first fed rate increase and it’s basically going to be a game changer if it’s 25bps or 50bps. With the war going on we are leaning more towards 25bps right now.

There is the El Salvador Bitcoin bond which is very bullish. And of course there is the WW3 talk going on how Russians are buying Bitcoin to escape sanctions.

Will be a busy month.

I have voted IDK because with so much uncertainty and instability I am quite insecure when it comes to making predictions.

Add to that the fact that last year there was a fairly broad consensus on minimum ATH that Bitcoin was going to reach, which was not met, and I think trying to guess on the price this month is quite a bit more playing guessing games than usual.

I believe anything: that due to the war the price will go down or that it will go up because due to the war a lot of people buy Bitcoin as a safe haven. Or that the price stays more or less flat.

The spike around the $35k area caused the price to recover a little selling at $43,700 this morning as the war in Ukraine is causing more investors to put money to bitcoin as a safer place than fiat because the banks are not letting money out as expected. This will keep bringing panic within the zone. The sanctions giving to Russia by US and EU is not leaving any stone unturned in causing economic panic in Russia.


Surely so. The volatility of bitcoin is going to be high with the expectation of more liquidity melting into cryptocurrency and bitcoin

I voted for YES but of course I am not completely favor on that because thee might be some small fall along the way but what I wanna support is the idea that bitcoin will keep coming back to 40k and may break 50-60k once more this march.
i am still confident on that as i am keeping holding my funds since late 2021.
Yes lets all wish and hope that this will be the beginning of the great pump and not just another movement of whales fooling people to be pumping but this will dump in the middle of the month .

It's great that the price of bitcoin is slowly continuing to rise and I hope it will continue to rise and maybe March will bring some fresh air to the price of bitcoin and other cryptocurrencies, and if the price of $45,000 happens in the next few days. I am very optimistic that in March the bitcoin price will be around $50,000.
and according to news the price increase was triggered that when various countries around the world imposed sanctions on Russia for its invasion of Ukraine, Russia was expected to use bitcoin or other cryptocurrencies to evade sanctions and use them to help minimize the impact of sanctions.

Like what the Outcome of Votes? it is majority that answers YES , so this is the sentiment of the community and adding my vote as well.

I have expected more dumping towards the war increase but it is not, instead the effect only happens short term and now there is an growing happening and yes people are there to support now and stopped the scaring idea with the effect of the war.

I voted for I don't know because I do not feel confident to say that BTC will hold $40k. Perhaps, if the price can back to $45k, BTC can hold and not go down to $40k. But as we know that anything can happen. If BTC's price can break and back to $45k and still have a green candle, the bullish trend is coming, and it will only be a matter of time the price will be back to $50k. We are still at the earlier month, and the price can be up and down for more, so perhaps, $40k will get retested again.

Who wouldn’t.  I expected July lows to be tested too.  Lol.  I didn’t see this coming to be honest.  It was a pleasant surprise to say the least.

But for the sake of discussion, what does everybody think is the catalyst that’s causing the buying spree during a time of uncertainty and somewhat a time of chaos?  Not that I really care or anything, all that matters to me is all in the chart, but just curious...  What does everybody think?

If that is the case then you should have voted for the 3rd choice in the poll, that is also my pick because I'm no expert in predicting the price and I'm not confident with others' prediction as it can fail but like you I also like for the price to rise or stay in 40k at least so that I can now sell my coins for a profit.

Whenever there is a new month I always feel positive about the price of btc, same as when there's a new year or a new quarter except maybe on a new day or a new week because that is too short. Whales might know this as well so they use the opportunity to fake the price but we should be wiser than them, we should not hold any longer once the increase is happening.

^^ Most likely ordinary people are flocking into the bitcoin market specially Russians to:

[1] save their wealth by moving their rubles to bitcoin
[2] trying to escape the war and sanction by West

And yes, as others have statement, it was really surprising a massive spike to $43k, looking to break $45k price for this March and this could be a conservative goal for the market despite the war.

Large scale common People's involvement into the bitcoin usage to escape the war and sanction by the west is a big reason. Right now the real reason for which Satoshi innovated the technology is getting fulfilled. In particular the common man's participation keeps increasing. This shows that the common People's participation can ride the market same as the adoption from a corporate network or large scale firms investment.

@Yaunfitda, @Vaskiy. I shared this in a thread that was locked by the moderators yesterday. It appears everyone speculates that it is the Russians who are panic buying. However, is it ordinary people, business institutions or the government?

I reckon if they buyer is the government of Russia, it might imply that this might be a preparation for a longer war.



Bitcoin once exceeded $44,000 in the past 24, an increase of 15%. Luna risen 23%. But it is rare that U.S. stocks have not seen a similar surge. Market sentiment states that sanctions may lead to a rise in Bitcoin adoption. Rumours about Russian purchases Bitcoin are spreading.

Source https://mobile.twitter.com/wublockchain/status/1498457158765416449?s=12



Payments and remittances companies have also begun to stop their services in Russia. If bitcoin is not available what is the next coin that might be available? That might be the next pump hehehehe.



Cross-border payments company Wise and remittance processor Remitly have suspended their money transfer services in Russia, following new sanctions over the weekend against the country in response to its invasion of Ukraine.

Source https://www.reuters.com/technology/payments-company-wise-suspends-money-transfer-business-russia-2022-02-28/

Nope as i Like voting YES because I believe on that but of course not completed so it won't be a "I DONT KNOW" .

this is my choice so Please respect it as i respect yours.

actually the problem is it is about each quarter and not monthly , yes there is a chance of each month but of course there is per quarter.

I wasn't sure about what to say neither. I mean we never know what bitcoin will do and that is always a shock to all of us. Maybe it will be 100k by the end of march, maybe it will be under 30k, and none of us would "know" it, we can try to predict or guess or assume but we would never really "know" it because that's something else.

Knowing is like for certain things, like saying I will breath to stay alive, or 2+2 is 4 and those kinds of things, we never really know anything. That's when I realized, if knowing is impossible then I could say what I predict or what I guess because that's all we are asked for. That's why I said yes, because I guess it could stand higher than that, but I just guess it of course.

Based on your poll question i can say yes bitcoin will gonna hold the current value this month of march or will make progress because there's already some rejection in the current support level which means investor doesn't want to see the value of bitcoin fluctuate below.

Infact there's a 4 rejection candles in support zone in my views , wherein every time the price trying to break the support zone buyers always pushing the price back.
https://i.postimg.cc/90xf7Jb6/Screenshot-20220302-190117.jpg (https://postimages.org/)

So we can consider it as a strong level and surely a big sign that bitcoin will make progress this month especially if it will breakout.

Pretty sure that We will keep holding that 40k level this march , though it may not stay in 2nd quarter yet it is enough to say that staying that level this march or make it at least to 50k will be more than enough for me.

because i Knew that after a long pump market will decrease dipper  but what we are having now is still in good position things that does not usually happen after a Bull running year that happened in 2021 .

Yes, we can only guess it without ever knowing whether it is right or wrong. If that's true, we are fortunate because we thought it right, and we could sell it at the next highest price. Maybe I'll make 2 different plans in case things turn around to adapt to the situation and who knows if I can use that time well.

Indeed I can also guess roughly where bitcoin will go, but I don't think that's necessarily true because I'm not an expert in analyzing the market. Besides, I often misanalyze, so I guess it's better if I just wait and do something that might benefit me in the future.

That knowledge that nobody really knows and everyone is just predicting makes you feel a lot more relax. That way you could say anything you want, you could say it will go up, you could say it will go down, you could say anything and everyone will have to just say okay and move on. Doesn't mean that they will be making investment just because you said something, that would be weird and that wouldn't probably happen.

However, nobody could say "how do you know!" anymore, because you are just going to respond with "everyone makes a prediction, and this is mine" and get away with it. The moment I realized that, life became a lot more easier for me.

Sentiment seems to be jumping all over the place from week to week. There feels like a great deal of uncertainty is in the market right now with people’s predictions changing depending on how Bitcoin moved that day. Right now people are back saying $50K, but a few weeks ago it seemed like $10K was imminent. I’d be scared to buy or sell here, but it does feel to me like we’ve changed directions and it’s up from here. I guess it will remain to be seen if that’s the case or if we’re just witnessing a head fake before the next leg down.

March is underway for its first week and Bitcoin charts are already looking good compared to February. I don't want to see how market manipulators play the market, but I am relieved to see Bitcoin charts are already looking good for Bitcoin and I hope there will be a good signal for Bitcoin from this month even though Bitcoin price is still at $43K.

Agreed. However, this is sentiment which is based always on emotion and much of us in bitcointalk.org are emotionally unstable hehehe. This is why I voted I don't know again. This market appears to be under the control of the market makers similar to Alameda Research which I speculate would dump bitcoin during tax season to cause a lower cost basis.

The panic buying of Russian citizen using there sinking ruble start this temporary hype market. Retain traders is just riding this info but they are not fully invested on the current trend which is the reason for the uncertainty in the market. Traders that bought during lower price take profit whenever the price increase leaving new buyer hold so that they can sell once the price pump again. This cycle will repeat until there will be a strong buying pressure and not just a hype from a certain news. Reaching 50K is really possible but the main concern was maintaining that level without the presence of panic sell due to uncertainty on the trend.

It's not easy to maintain market manipulation for a long time, because bitcoin is affected by many things in running, I think for now whales or manipulators will have a hard time controlling bitcoin's journey, especially in these few weeks the case of war between Russia and Ukraine is quite a big issue, if this is the case. able to be bypassed by bitcoin, it is certain that the achievement of new ATH for this year is quite open, considering the biggest case from 2018 until now, bitcoin has made a lot of progress

Yes, I agree with you on that. People should do it that way and don't just invest without analyzing, just because someone says something related to the market. Knowing other people's predictions maybe can be useful for us. At least we can try to analyze it more deeply to get further clues. As more and more we get information about market conditions and predictions from other people, we can create strategies that can be useful for us.

So, in March, there will still be a lot of possibilities about what will happen to bitcoin because so far, the price is still fluctuating up and down but bitcoin price also can continue to rise.

Voted for yes though we all know that all of our votes are just a speculation and in the end, we still don't know what will happen with Bitcoin :).

After a downward movement of the market because of the war, we've seen Bitcoin went up double digits alongside other altcoins and it surpassed the $40,000 price. I'm expecting for Bitcoin to stay above $40,000 and will move sideways to the $40,000-$50,000 price range maybe or $45,000 for some few days to weeks possibly just to shake out the uncertainties.

Though there is still a chance for Bitcoin to go below $40,000 still if there are some bad news that will pop out because we already know that the movement of the market is being determined by the sentiments of the investors.

Yeah, have to admit I was prepared for more pain in February, this has taken me by some surprise, but I'm not moved either way on sentiment long-term. I doubt this is the fantastic year a lot of people predicted even in December, that 100k target (as loosely as I can ever say I've target six figures) I've postponed to the next halving.

That's really the only sure thing left.

Rejected.  -_-  Resistance at 44k - 45k looking to be too strong right now.  I've heard some people at CT saying that it was Binance that was selling against the pump.  No better way to get out and sell their longs I guess.  :D  Just when I thought S/R flip was now happening for sure.  Sucks.

But yeah, I guess BTC is trading in a range between 34k, 35k  and 44k, 45k for now...  I'm trying not to be hopeful about 40k holding.  Lol.

https://i.imgur.com/3l2MXGh.jpg

It is possible that we have briefly bounced back from resistance and can hold 40k. The rising lows on the global trend is a good thing. I don't know how March will be, but judging by the trend, bitcoin is not going to go much lower yet. The main thing is that nothing worse happens in the world than what is happening now.

I wouldn't be able to say 100k is postponed to next halving in my mind. Obviously a million or more is already there, I am not even going to argue against that, maybe not even at that time, because one million is a lot of money. However 100k is 10% of that and I believe it "may" reach those levels before the next halving. Obviously this is just my prediction and I could be very very wrong as well, who knows?

I just wouldn't throw that away as guaranteed not going to happen thing for the time being. I would put that aside as the thing that could happen or may not happen and just something we will have to wait and see. I am a long term holder so I could be biased a bit.

Yeah right , but what we are seeing also now is really unstable market, we even has a fall and up happening continuously.
https://coinmarketcap.com/currencies/bitcoin/
from 43k now again 41 k .
the sentiments had been laid already and yes the Buying chances is ON and people are now getting on to it.

But mine? have bought some alts instead of Bitcoin because I have been in Holding bitcoin since December last year.

^  Look again.  The buying stopped and the selling has resumed.  According to some of the guys at CT it all started when somebody dumped in Binance.  It was prolly a local top signal then the rest followed. 

...  We're in the low 40's now and if this continues all weekend without any bounces then we def see BTC break down 40k.  And tbh I voted yes.  I really thought it was gonna go straight up to 50k, a correction to 45k, turning that into support then resume going up again.  -_-  I feel like an idiot.

Disappointing its not held higher then this, a good weekly bar would have helped the prospects for March considerably.   Right now my modest ambition is we just avoid having to check the same low support again around 35k.  If we can trade a bit higher then that its still a market with positive movement, we are greatly effected by the higher Dollar worth I think.
https://i.imgur.com/8T4AG3Z.png
   Weekly bar is negative some, looking at the peak here is the underside of December lows and it caused us to sell off some together with obvious bearish factors playing on many markets.

If you fee like an idiot then majority of us are idiot too,  ;D

We have broke down the $40k resistance the fluctuating around $38k-$39k. So this is another buying opportunity for the majority and take advantage of the situation.

And then the cycle repeats itself again, will probably go as high as $45k again.

It seems that the market will continue being volatile and turbulent.The price cannot break above 40K,despite the two attempts in the previous two weeks.
For some reason many traders are selling BTC.Is this panic selling,or they just buy BTC,and sell it fast,in order to gain a currency they want(perhaps fiat)?Is this caused by the war in Ukraine?I don't know.Probably.
The current situation cannot help for building a steady FOMO and pumping the Bitcoin price back to 50-60K.
I knew that February and March are going to be bearish or stagnant months for Bitcoin,but I'm still optimistic about April,May and June.
 

What I see this year's scheme is almost the same as in 2021, where bitcoin was able to reach ATH only twice in that year, in 2021 bitcoin also experienced a correction for so long in the early to mid-month, but managed to reach its peak price at the end of the year , it is undeniable that the case of war that hit Russia and Ukraine has an impact on bitcoin's current journey, but it doesn't seem to have much impact on bitcoin, the evidence is that bitcoin has not yet reached its lowest point in price.

That remains unpredictable. We thought that after the corrections the prices surge back again, yet that never happens as the war begins which makes the market prices drop back. As per to see the market is still green but can be possible it turns red if the momentum won't change. But I expect this really be going that way as just a huge selling happens in Binance. That might trigger huge dumps, plus the conflict between Russia and Ukraine.

Today's rise seemed encouraging to me. At least we saw a bounce with a possible local reversal and an ascending bottom. If we look at the weekly timeframe, it looks like bitcoin is at the bottom. I don't know how this month will end, but I expect the market to rise soon. The main thing is that the local war does not turn into a global one. Which will consequently have a negative impact on all global markets.

Do not lose your hope because of a chart, never lose any hope because of a chart. The reality is that we are talking about just one chart drawn by one person. As I always said there are situations where people end up drawing charts on the same day, same moment and one shows it will go up while the other shows it will go down.

I believe that the long term approach is still clear bull run, so there is nothing changing that anytime soon, and maybe short term may not look great. However, one bad news for the fiat world means everything could change, it could be 70k+ even overnight, if not in a month depending on the type of bad news for fiat, or great news for crypto.

at least this is valid mate because the price stays at that level till now , Luckily we have not seeing price bellowing 35k up to now and hope this will stay this strong for the rest of 1st quarter.
what I am looking now is the breaking of 50k resistance again though we seemingly staying at 30k level for a while.
the price is rising and falling constantly at least for the last 5 days so in which you are referring this rise?

^  I think he was referring to the other day's rise during US session.  Everything looked like it was set up for another leg up the next day but then suddenly dropped from near 40k back down to 38k.  It was hilarious as people at CT were getting really excited and had already tweeted that they 'bought a lot of crypto at these levels.'.  Lol.  They prolly will be selling at 40k for the lack of confidence after what went on the other say.  Today is no different.

Edit:  And it looks like S/R flipped.