BTC Prediction for March!!

[fauzan Ichsan]

in early March the price of bitcoin was above $40K, but after that and until now the price has continued to decline until it is currently in the range of $30k. in my opinion if bitcoin can break through the resistance in the $42k area, then the next target is the $50k area. but looking at the current conditions, I don't think it's for March, even bitcoin seems to be in a bearish season this time, and could fall back down considering that it is currently ranging in a strong support area.

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[$anounimus$]

Despite the fact that Bitcoin is frequently in the red in March, keep an eye out for it in April. According to a historical table of Bitcoin monthly returns, the month of April is the best month for Bitcoin. Bitcoin has only ever lost -2 percent, -4 percent, and -6 percent in April throughout history, despite the fact that it has fallen minus but not significantly.

My benchmark continues to be the monthly returns of bitcoin; in March, BTC is frequently in the red, but in April and May, BTC is typically in the green.

[wmaurik]

in early March the price of bitcoin was above $40K, but after that and until now the price has continued to decline until it is currently in the range of $30k. in my opinion if bitcoin can break through the resistance in the $42k area, then the next target is the $50k area. but looking at the current conditions, I don't think it's for March, even bitcoin seems to be in a bearish season this time, and could fall back down considering that it is currently ranging in a strong support area.

Looks like you need additional knowledge for this so that your eyes can clearly see the price of Bitcoin for now because I personally haven't seen the price of Bitcoin at 30k this year except for 32k for the lowest price and the highest price in March is 44k in the market.
Here are the data and evidence that you can see

^{Image Source: https://coinmarketcap.com/}

[AnonBitCoiner]

Btc is not showing bullish behavior and still we are in bearish zone. Lot of fear in markets. At this situation i will be hard to surpass 50k
I think at the end of the March Bitcoin can trade above 40k and if remain stable there then high chances that it will straight forward to next target 48k

[kotajikikox]

I like to sit back and watch what will happen later and attempt to aggregate more bitcoin while creating a gain from different coins. I generally glance the positive way of this market, so clearly BTC will increment in cost sooner rather than later. Bitcoin has been dropping a ton and there's not a great explanation for bitcoin to go down once more. You should likewise see the record-breaking graph of bitcoin.

Of course we have nothing to do now but to wait for long time now because the market is not on the right positioning now mate.

Predicting the price of bitcoin each Month is a stupid Idea because what we wanted to see is the whole year performance and not just a weekly or monthly basis.

I will pass on this part now, as I am willing to keep my bitcoin for long term and not just for week time.

[SirLancelot]

in early March the price of bitcoin was above $40K, but after that and until now the price has continued to decline until it is currently in the range of $30k. in my opinion if bitcoin can break through the resistance in the $42k area, then the next target is the $50k area. but looking at the current conditions, I don't think it's for March, even bitcoin seems to be in a bearish season this time, and could fall back down considering that it is currently ranging in a strong support area.

We did reached 40k+ and we are not really that far away from it neither. We could be 40k+ in a single hour if there is a run, and it wouldn't really be that difficult neither. So that is why we shouldn't really let go of our 40k+ price prediction just yet. Considering we are only at the first half of march, we do not know what the second half is holding and we could be getting a lot better by the second half as well.

We just have to hope that things would go great, if there is for example a peace agreement between Russia and Ukraine, and all the sanctions are lifted, I can see crypto crashing a bit at first but then getting even more stronger as well.

[redsun114]

Btc is not showing bullish behavior and still we are in bearish zone. Lot of fear in markets. At this situation i will be hard to surpass 50k
I think at the end of the March Bitcoin can trade above 40k and if remain stable there then high chances that it will straight forward to next target 48k

I do not think that it would be as difficult as we claim it would be. I mean sure it would be a bit difficult but it shouldn't be really "that" much. It will probably be a bit difficult because we are in the bear market and getting out of it is a bit difficult I will give you that.

However, when it is actually out, like really out, then it is very easy to go above what is expected. Going from here to 50k is nearly as equally easy as going from here to 70k as well. I mean not exactly, but very close. Going from under 40k to 45k is hard, but going from 40k to 50k and going from 40k to 70k have closer possibilities compared to small increases.

[Sayeds56]

by looking at the graph that has occurred so far bitcoin is in a consolidation area, where the market tends to be stable, and when the market breaks later either up or down, a trend will form, which can continue bearish downwards or will go up towards the next resistance. For this month of March, it looks like there will only be ranging which makes the market move in certain areas

I think technical charts and Technical indicators don't help much in decision making when Financial markets are in panic due to war in Ukraine and expected increase in Interest rates are the major cause of selling in crypto and stock market. The next move of Bitcoin will unfolds in Ukraine and what announcement comes from FED about interest rate.

[lixer]

I think technical charts and Technical indicators don't help much in decision making when Financial markets are in panic due to war in Ukraine and expected increase in Interest rates are the major cause of selling in crypto and stock market. The next move of Bitcoin will unfolds in Ukraine and what announcement comes from FED about interest rate.

I agree completely. When things are this weird, it is not really that simple to get things going, you have to actually pull something off to make sure that you could make a profit that nobody else can think of. If you just check the current markets and think that charts could give you an idea of what will happen, or think that indicators will help you then you have to realize that everyone else can do that.

If it was as simple as reading charts, even if people can't read it, there will be ones who can and tell others and we all would know what bitcoin will do. This proves that we are in a situation where crypto can't be known by looking at some charts at all times.

[coco23]

I think technical charts and Technical indicators don't help much in decision making when Financial markets are in panic due to war in Ukraine and expected increase in Interest rates are the major cause of selling in crypto and stock market. The next move of Bitcoin will unfolds in Ukraine and what announcement comes from FED about interest rate.

I agree completely. When things are this weird, it is not really that simple to get things going, you have to actually pull something off to make sure that you could make a profit that nobody else can think of. If you just check the current markets and think that charts could give you an idea of what will happen, or think that indicators will help you then you have to realize that everyone else can do that.

If it was as simple as reading charts, even if people can't read it, there will be ones who can and tell others and we all would know what bitcoin will do. This proves that we are in a situation where crypto can't be known by looking at some charts at all times.

The war will definitely affect the markets in the short term, but whether it will have a long lasting effect on the crypto markets in the long run is a different story. Of course an escalation with NATO or other countries involved would be very bad, but I don't see significant long term effects based on the ongoing war.
(I am talking about BTC/crypto only. Stocks, bonds or commodities might be affected in a completely different way and I don't think we are even seeing the beginning of the longer running effects here)

[fullhdpixel]

The war will definitely affect the markets in the short term, but whether it will have a long lasting effect on the crypto markets in the long run is a different story. Of course an escalation with NATO or other countries involved would be very bad, but I don't see significant long term effects based on the ongoing war.
(I am talking about BTC/crypto only. Stocks, bonds or commodities might be affected in a completely different way and I don't think we are even seeing the beginning of the longer running effects here)

Something that has a long lasting impact on the fiat world, will always have a long lasting impact on bitcoin as well. We calculate the price of bitcoin based on dollars, so if tomorrow something happens and inflation is 100% ,then an increase of 100% in bitcoin price could happen as well, doesn't mean it will happen, it just means it may happen.

Crypto is connected to fiat world more than people know and they are wired in reverse. When fiat gets weaker, bitcoin gets stronger and when fiat gets stronger then bitcoin gets weaker. That is how we know that if the war goes on, and if nations are impacted because of it then we are going to end up with a bit of a problem for our regular lives, but bitcoin should be going higher.

[Raflesia]

I think technical charts and Technical indicators don't help much in decision making when Financial markets are in panic due to war in Ukraine and expected increase in Interest rates are the major cause of selling in crypto and stock market. The next move of Bitcoin will unfolds in Ukraine and what announcement comes from FED about interest rate.

I agree completely. When things are this weird, it is not really that simple to get things going, you have to actually pull something off to make sure that you could make a profit that nobody else can think of. If you just check the current markets and think that charts could give you an idea of what will happen, or think that indicators will help you then you have to realize that everyone else can do that.

If it was as simple as reading charts, even if people can't read it, there will be ones who can and tell others and we all would know what bitcoin will do. This proves that we are in a situation where crypto can't be known by looking at some charts at all times.

Many people do that to see a picture of future prices, I know that chart analysis is very important for a decision to sell or buy, I do this technique because if you buy only with a trend or without a basis, I think it's still not right if it's not with chart analysis. .

It is indeed very simple to understand everyone can learn to do this and I think with this technique many people make the right take in a trade.
Either way we can do with what we are good at and there are still many people providing the right graphics for this.