Big news will rule the day. Heavy tight consolidation is getting ready to break up and in a big way. Get ready for you will not see this one coming. Expect the unexpected mid march. Much will be won and lost. It is all about position and anticipation. Get it right you win get it wrong you lose. 50-50. What side will you be on. watch closely in the days ahead or you will miss it. DCA will play huge here along with stop loss. Over the past few weeks, Bitcoin has been consolidating between $94,000 and $100,000, indicating a period of low volatility and market indecision. FXSTREET
Several analysts have provided forecasts for Bitcoin's price in March 2025:
Changelly anticipates a range between $110,000 and $125,000.
CryptoPredictions.com projects a start at $105,377.91, with a potential high of $110,417.48 and a low of $75,083.88, ending the month around $94,815.21. CRYPTO PREDICTIONS
CoinCodex predicts a significant rise, estimating the price to reach $131,693 by March 23, 2025. COINCODEX
Technical indicators present mixed signals. The Relative Strength Index (RSI) is at 43.75, suggesting potential bearish momentum, as readings below 50 often indicate downward pressure. Additionally, the Moving Average Convergence Divergence (MACD) line is below the signal line, reinforcing this bearish outlook. CRYPTO NEWS LAND
However, some experts maintain a bullish long-term perspective. Anthony Scaramucci, head of a leading crypto ETF, predicts Bitcoin could reach $200,000 in 2025, citing potential U.S. reserves for the cryptocurrency. MARKETWATCH
In summary, while Bitcoin is currently in a consolidation phase with mixed technical indicators, various forecasts suggest potential upward movement in March 2025. As always, it's essential to conduct thorough research and consider multiple perspectives before making investment decisions. shhhhhh were hunting wabbits Quiet accumulation in progress......
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.