What to expect from bitcoin in March

In February, BTC slowly but surely moved down. During the month, the first cryptocurrency fell 15% and in the first in November 2024 dropped below $ 90,000. We figure out whether Bitcoin can turn off the descending trend, or the correction will continue.

The cryptocurrency market is covered by bear moods. Most indicators say that in the near future the situation will not change much.

Range or breakthrough: expert opinions

The activity of large holders has decreased: this means that Bitcoin (BTC) will most likely continue to decline, ”said the leading analyst Santiment.

Intoleblock data confirm this trend: a clean flow of funds from bitcoin kits over the past month has fallen by more than 600%.

Large holders – the so -called whales – are considered the owners of addresses, which stores more than 0.1% of the total volume of bitcoins. A clean stream shows the difference between purchases and sales of these investors for a certain period. If it is reduced, whales are sold by creating pressure on the price of BTC.

John Glover, the LEDN investment director, predicts that in March, Bitcoin will bargain in the range of $ 89,000-108,000.

Investors monitor Donald Trump’s comments, considering him a pro-Critical president. However, according to Glover, the Trump factor has already been taken into account in price:

Bitcoin (BTC) is approaching the levels of resale

Bitcoin is ready to recover – this signals the relative force (RSI) index, which dropped to 31.16.

RSI helps to determine when the asset is bought or resold. The indicator operates on a scale from 0 to 100: the values ​​above 70 are indicated about overwhelming and a possible reduction in price, and below 30 – about resellibility and a probable turn up.

Now RSI Bitcoin has almost reached the resale zone. If sellers weaken the pressure, the price can grow to $ 92,325.

If the bears continue to dominate the market, bitcoin risks falling to $ 80 835.

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