Price guess for March

[Falconer]

Even though most people can expect bitcoin price to increase during March, but please don't ignore this one.

I read the news that The Block posted a while ago, and may soon change some perspective on the potential March price. Only I don't expect it to be FUD, but of course the market will be affected by it.

Here's the news: Mt. Gox creditors may finally start seeing their bitcoins this month

Mt. Gox creditors may start seeing their first bitcoin payments this month as the window for repayments is set to open.

Creditors are expected to receive early repayments from March 10 onward, while the deadline for such payments to be completed is September 30, according to a January statement. This is for the first tranche of repayments — including early lump sum payments and intermediate payments — with further amounts set to come later.

“Well, for myself, I had pretty much written off the Bitcoin I still had on Mt. Gox in 2014 as a loss, so philosophically anything I get back now is a bonus to cold store,” said Blockstream CEO Adam Back, who is a Mt. Gox creditor, via Telegram.

“It has stretched on for many more years than anyone expected, and so it will be welcome I am sure by any creditors to finally get paid,” he added.

If the news is not FUD, the skeptical me is also thinking that because of the timing of MtGox repayments, there might be people who want the market to dump. This is also not the only bad timing. Ethereum's Shanghai update will be on March also. It would be head shaking if they will be scheduled only 1 week apart hehehe.



Ether’s (ETH) price action is expected to be “cautious” until the Ethereum blockchain’s Shanghai upgrade, due later this month, as the market is concerned about a supply overhang, Bernstein said in a research report Wednesday.

The Shanghai fork will allow ether that has been staked and is now locked to be withdrawn for the first time.

Source https://www.coindesk.com/markets/2023/03/01/ether-supply-impact-from-the-shanghai-upgrade-is-limited-bernstein/

About the two news, I'm just sure that we will not see a herd of bulls standing in front. Instead, it looks like a bear glaring at those who have doubts about bitcoin's long-term potential.

Worries can arise anywhere and will quickly affect the market, however we can return to better expectations afterward. Someone wants the market to go down, this is what FUDer always thought. It might be good to be a little deaf to whatever FUD there is, but if that happens then be prepared to accumulate bitcoins and hold on.

[AverageGlabella]

$26400 at the end of march but we will probably go above 27000 for a small time and hopefully in April we can start getting above 30000. I thought we had already broke the resistance and was going to see some big numbers this year but the resistance of 25000 is still causing problems. If we look at the volume less people are selling to exchanges which gives me confidence in reaching beyond 30000 next year.

[laurenB7742]

Finally, bitcoin returned to the $23k level after increasing to $24k. I can't guess or analyze how bitcoin will move this March because I feel it will still go up and down as it is now. And it could be that the movement will be more sideways in March without any significant increase or decrease. But that could all change after mid-March or at the end of March and hopefully after this, the movement will pick up even higher.

We still expect bitcoin to reach $25k but we must wait and be patient. And it's better for us just to be prepared for whatever happens this month while continuing to accumulate bitcoins.

I also don't want to make a bitcoin price prediction for this March, I don't because even if bitcoin goes to 27k or 30k, I will still buy bitcoin at that price every time I get my salary. Because in my opinion this year is our last chance to accumulate more bitcoins before entering the upcoming bull season. In both cases, if bitcoin falls again, I will buy bitcoin too, and if bitcoin continues to rise, I will buy too. I have no intention of selling my bitcoin this year or below its old ATH price.

[QuinielaPosible]

26k EOM (pure speculation)

[el kaka22]

I think we will break above 25k this month, I know it is not going to be easy and all, but it is going to happen if you ask me. However, I should point out that I expected bitcoin to reach above 25k during February as well, I realized it wouldn't after a while, but at the start of the month I expected that, after a few weeks I saw that it wouldn't happen but that is another subject.

In the end, I am going to expect it this month too, and if it fails but stays above 22k eventually, even above 20k, then I will expected it in April, basically as long as it stays above 20k, I will keep on expecting it to happen every single month without exception, of course only if it's above 20k.

[STT]

DXY is acting too strong at the moment to speculate we make great gains.  We were lowering dollar value quite alot but now its rising like a vice tightening this makes progress for BTC much harder then otherwise despite the apparent break of its down trend of many months.
  High prices right now are the weekly average, we are just about keeping the lows above a monthly average.  So those two are converging and we get a conclusion when neither contains us.  I'd guess higher but we've been descending for over a week, its only bullish in being a slight negative not more but this convergence can propel us either way tbh.

[Oceat]

I can't tell if it's going to $25k this month since the price seems like in a state of staying at this price mark just like what happened to the previous price range. It stays the price for a while and I think this will continue for a couple of weeks or this whole month but this shouldn't stop you from trading since it's just a guess.

If it's kind of stable on this month the better or if there is another bottom then it's much better because we can surely tell that it's going to push another price range beyond $23k or $25k, we might see that $25k that most of you are hoping for.

[Wiwo]

Previous market cycle has proven otherwise where the price at which Bitcoin relies on become statistically unpredictable and as such one need to study the market very well before predicting what will be close to the true outcome of the price, bitcoin is an unstable asset so at rhatt the price fluctuates a bit faster than other assets in its class.

-But then if we should predict according to previous cycle and if Bitcoin follows the same market pattern then we should see Bitcoin completing the month seating around 26k or a little above but not up to $30k.

[Sebas.tian]

In March, is Bitcoin going above $25000, going back to or going below $20000?

Yes, the price of Bitcoin will increase above $25,000 in this new month because there are some signs that made investors to believed that the month of march will be a best month that will make both long term and short term investors to have something favourable to achieve. Since, the price of Bitcoin has decreased to $23,523 for those that still want to buy and hold for a better future to use the opportunity, because the price will definitely change massively before the end of this week to prepare the mind of investors for good things ahead. I don't think, the price of Bitcoin will decrease more than $20,000 before it will return back to $25,000 in this month of march which is a month of hope for the bitcoiners.

[ethereumhunter]

Finally, bitcoin returned to the $23k level after increasing to $24k. I can't guess or analyze how bitcoin will move this March because I feel it will still go up and down as it is now. And it could be that the movement will be more sideways in March without any significant increase or decrease. But that could all change after mid-March or at the end of March and hopefully after this, the movement will pick up even higher.

We still expect bitcoin to reach $25k but we must wait and be patient. And it's better for us just to be prepared for whatever happens this month while continuing to accumulate bitcoins.

I also don't want to make a bitcoin price prediction for this March, I don't because even if bitcoin goes to 27k or 30k, I will still buy bitcoin at that price every time I get my salary. Because in my opinion this year is our last chance to accumulate more bitcoins before entering the upcoming bull season. In both cases, if bitcoin falls again, I will buy bitcoin too, and if bitcoin continues to rise, I will buy too. I have no intention of selling my bitcoin this year or below its old ATH price.

And, at the moment, bitcoin is back down and it's at the $22k level and I think a lot of people don't expect the price to be back to that level. This is a good opportunity to increase the number of bitcoins because we can get more satoshi at this price than before.

And yes, I think this might be the last chance of the year before bitcoin has another bullish season which is expected to happen later in the year, early in the year, mid year after the halving, or even after the halving. We can still own more bitcoins before the price starts its long rally.

[crunck]

Finally, bitcoin returned to the $23k level after increasing to $24k. I can't guess or analyze how bitcoin will move this March because I feel it will still go up and down as it is now. And it could be that the movement will be more sideways in March without any significant increase or decrease. But that could all change after mid-March or at the end of March and hopefully after this, the movement will pick up even higher.

We still expect bitcoin to reach $25k but we must wait and be patient. And it's better for us just to be prepared for whatever happens this month while continuing to accumulate bitcoins.

I also don't want to make a bitcoin price prediction for this March, I don't because even if bitcoin goes to 27k or 30k, I will still buy bitcoin at that price every time I get my salary. Because in my opinion this year is our last chance to accumulate more bitcoins before entering the upcoming bull season. In both cases, if bitcoin falls again, I will buy bitcoin too, and if bitcoin continues to rise, I will buy too. I have no intention of selling my bitcoin this year or below its old ATH price.

And, at the moment, bitcoin is back down and it's at the $22k level and I think a lot of people don't expect the price to be back to that level. This is a good opportunity to increase the number of bitcoins because we can get more satoshi at this price than before.

And yes, I think this might be the last chance of the year before bitcoin has another bullish season which is expected to happen later in the year, early in the year, mid year after the halving, or even after the halving. We can still own more bitcoins before the price starts its long rally.

Bitcoin has always been like that, when people are still optimistic that bitcoin will keep going up and can hit $30k, then bitcoin will drop. We are more than 10 months away from the end of 2023, so there will be plenty of opportunities to accumulate bitcoin this year. But this correction could be a good opportunity to buy bitcoin at $21k, I think bitcoin will drop to $21k before rallying to $26,000.

[Fundamentals Of]

Until now, $25,000 is still strong. Attempts at it are still rejected. If there were successful moments, those are also very quick. The price can't seem to grab of it for a long while. Now it seems even $24,000 is also turning into a resistant. For the past week, the price could only get near it but can't penetrate it.

But March has just entered. Anything can still happen. There are good news and bad news around, although the negative sentiment of having possible stricter regulations following the collapse of FTX and the possible release of Mt. Gox funds could cause some damage.

[wxa7115]

Bitcoin has always been like that, when people are still optimistic that bitcoin will keep going up and can hit $30k, then bitcoin will drop. We are more than 10 months away from the end of 2023, so there will be plenty of opportunities to accumulate bitcoin this year. But this correction could be a good opportunity to buy bitcoin at $21k, I think bitcoin will drop to $21k before rallying to $26,000.

For those thinking long term this seems like a good opportunity to buy the dip, however the current market conditions we are facing makes almost impossible to predict the short term movements of bitcoin as it is simply moving in ways that are too erratic.

But taking a look at the monthly chart the previous month presented almost no gain for bitcoin so if I were to make a guess then a slight setback for the month of March seems like the most likely outcome.

[justdimin]

If the news is not FUD, the skeptical me is also thinking that because of the timing of MtGox repayments, there might be people who want the market to dump. This is also not the only bad timing. Ethereum's Shanghai update will be on March also. It would be head shaking if they will be scheduled only 1 week apart hehehe.

Ether’s (ETH) price action is expected to be “cautious” until the Ethereum blockchain’s Shanghai upgrade, due later this month, as the market is concerned about a supply overhang, Bernstein said in a research report Wednesday.

I think it wouldn't be really as much as people make it out to be. First of all we are going to see most of them want to get back in, because why not make a good return of your investment with something that both gives you a staking reward but also goes up itself?

I mean the savings account in a bank gives you a return too, maybe even more in some cases, but doesn't go up itself at the same time, in this case ETH goes up AND gives you more ETH at the same time, it is an investment that is amazing, so many will want to go back in. Secondly, even if there were, we are talking about hundreds of millions of dollars worth of bitcoin mined every single day, and it can still go up, so should ETH as well.

[Reid]

Maybe another stagnant month, but who knows. It's too volatile to predict where it will go. I have my own analysis though that it will not be that far from the last February price. $2k down or $2k low, that what I just see, if it goes bull it won't last that long and goes back to where we are right now.
I always like to think there are those investors in the shadows that would take advantage of the opportunity to sell even if the profits are low. It doesn't matter to them, reap the rewards then let go. Buy again when another dump comes. Short-term strategy at its best.

[NicNacCoin]

So what next in March?
In March, is Bitcoin going above $25000, going back to or going below $20000?
In the last 4 cycle bull bear period, bitcoin later still fall below an unexpected price again which was significantly low. Bitcoin may still increase further, but after the increment, can it later fall below $17000 again?

Today, however, the market stood at $2,1979. Today there is a shock in the market. However, in such market conditions, it becomes very difficult to estimate the price of Bitcoin. Nothing can be said correctly in this chaotic state of the market. However, since the market is between $21k and $25k it is said that the Bitcoin market can be between $28k-$30k dollars by this March. As there is no bad news at the moment. Let's see how successful my idea can be in the market.

[Yatsan]

Maybe another stagnant month, but who knows. It's too volatile to predict where it will go. I have my own analysis though that it will not be that far from the last February price. $2k down or $2k low, that what I just see, if it goes bull it won't last that long and goes back to where we are right now.
I always like to think there are those investors in the shadows that would take advantage of the opportunity to sell even if the profits are low. It doesn't matter to them, reap the rewards then let go. Buy again when another dump comes. Short-term strategy at its best.

Things happen breaking patterns. The market itself is too unpredictable; there'll be times for sudden increase and as well as crash. Trend is only determine whenever the hype is established or if there is a strong enough reason for an increase to be continuous. News for example could create a wave  with the demand and ofcourse with the price. Same thing goes with market price downfall. The month has just began and there are many things that could happen. Strategies won't work if there is no actual pattern for a market behavior. The only thing investors could do, as usual, is to just wait for the right time to enter a certain coin.

[tomos81]

It is normal for the Bitcoin market to fluctuate. If you look at the current market, the Bitcoin market is a bit dumping.  As Bitcoin began to grow, bad news began to arrive in various ways. That's why the Bitcoin market touched 25k in February. But currently in the bear market, Bitcoin has taken a position of 22k again. It is very likely that the price of Bitcoin will definitely hit 30K in March.

[ethereumhunter]

Finally, bitcoin returned to the $23k level after increasing to $24k. I can't guess or analyze how bitcoin will move this March because I feel it will still go up and down as it is now. And it could be that the movement will be more sideways in March without any significant increase or decrease. But that could all change after mid-March or at the end of March and hopefully after this, the movement will pick up even higher.

We still expect bitcoin to reach $25k but we must wait and be patient. And it's better for us just to be prepared for whatever happens this month while continuing to accumulate bitcoins.

I also don't want to make a bitcoin price prediction for this March, I don't because even if bitcoin goes to 27k or 30k, I will still buy bitcoin at that price every time I get my salary. Because in my opinion this year is our last chance to accumulate more bitcoins before entering the upcoming bull season. In both cases, if bitcoin falls again, I will buy bitcoin too, and if bitcoin continues to rise, I will buy too. I have no intention of selling my bitcoin this year or below its old ATH price.

And, at the moment, bitcoin is back down and it's at the $22k level and I think a lot of people don't expect the price to be back to that level. This is a good opportunity to increase the number of bitcoins because we can get more satoshi at this price than before.

And yes, I think this might be the last chance of the year before bitcoin has another bullish season which is expected to happen later in the year, early in the year, mid year after the halving, or even after the halving. We can still own more bitcoins before the price starts its long rally.

Bitcoin has always been like that, when people are still optimistic that bitcoin will keep going up and can hit $30k, then bitcoin will drop. We are more than 10 months away from the end of 2023, so there will be plenty of opportunities to accumulate bitcoin this year. But this correction could be a good opportunity to buy bitcoin at $21k, I think bitcoin will drop to $21k before rallying to $26,000.

And if bitcoin continues to fall, we must remain optimistic because if we change, I don't think we will be strong enough to hold on and can become strong holders of bitcoin. After all, if we are shaken by the downturn happening in the market, we don't have to panic or falter because of that. And for that, we really have to survive in all situations and conditions. The current correction provides another opportunity for us to buy bitcoin because this price drop is the moment many people have been waiting for, even though they are waiting for another lower price.

And even though the price will drop to $21k, that's also fine and will be a discount for us. And it looks like the price is currently trying to hold on so as not to fall further and next week may be a good week for bitcoin to increase.

[carlisle1]

Maybe another stagnant month, but who knows. It's too volatile to predict where it will go. I have my own analysis though that it will not be that far from the last February price. $2k down or $2k low, that what I just see, if it goes bull it won't last that long and goes back to where we are right now.
I always like to think there are those investors in the shadows that would take advantage of the opportunity to sell even if the profits are low. It doesn't matter to them, reap the rewards then let go. Buy again when another dump comes. Short-term strategy at its best.

I also considering that,

chances that we may see short-term traders to take advantage of playing with the emotions of those fearing investors.

Maybe yes, there are movements that will bring the market down by this range, but if there's no major news that will really affect the
condition around the market, chances also to see a good bounce and retain the value can still be possible to happen.