From March 18 to March 20, the probability of $ETH falling to $1,500 rose from 54% to 65%, although this is still 23% below the record level of 84% recorded on February 6 during a sharp dump, when panic hit the market and the cryptocurrency’s price fell below $1,750.
Bitcoin ($BTC) has gone through a 14-month bear market relative to gold and is ready for growth. This was indicated by several indicators that showed a classic reversal signal.
Bitcoin’s price may fall further, as Polymarket traders now estimate a 51% probability of it dropping below $45,000 by December 31, 2026. This follows the U.S. Federal Reserve keeping interest rates unchanged. Bitcoin’s price today fell below $70,000 from a recent high of $76,000 on March 17. Meanwhile, market analysis also shows that the price may not have reached its bottom yet.
Despite the ongoing war between the United States and Iran, Bitcoin ($BTC) showed a strong recovery, rising above the $76,000 level.
Despite signs of recovery in the cryptocurrency market, warnings continue to emerge that the bear market is far from over. Gracy Chen, CEO of the global cryptocurrency exchange Bitget, stated that liquidity in the markets has not yet fully recovered, and that it is still too early to say that Bitcoin’s bear market has ended.
The recent price action of Bitcoin raises new questions about whether the cryptocurrency’s latest recovery attempt can hold, according to analysts at Wolfe Research, who warn that technical patterns and investor sentiment may be setting the stage for another period of weakness. Bitcoin (BitfinexUSD) has already fallen 20% since the beginning of the year.
The rise in Bitcoin’s price to $74,000 on March 4 may resemble the bull trap that appeared in the market in 2022.
Regulatory developments in the United States, along with rising crypto asset prices, may indicate that the peak of the crypto winter is already behind us, according to CoinDesk, citing a client note from Clear Street.
On March 4, the price of the leading cryptocurrency briefly exceeded $74,000, reaching this level for the first time in a month.
While the conflict between the United States and Iran continues to pressure global markets, Bitcoin ($BTC) and the broader cryptocurrency market are showing notable resilience. Although Bitcoin and altcoins initially declined at the onset of the conflict, they later recovered. In fact, Bitcoin experienced a sudden rebound today, climbing above $71,000.
The price of $XRP continues to move within a prolonged downtrend. This trend has limited sustainable upside for several months. The asset has attempted multiple times to break key resistance levels but without success. Although short-term market sentiment has slightly improved, the broader macro structure remains unstable.
Matt Hougan, Chief Investment Officer at Bitwise, stated in a recent interview that the recent volatility in the cryptocurrency market, rather than deterring institutional investors, has provided them with the long-awaited “entry opportunity.”
Bitcoin failed to hold above $70,000 and pulled back below $68,000 — traders warn that the bear market is far from over.
Bitcoin has dropped nearly 20% since the beginning of February, marking its worst performance since June 2022 and recording a fifth consecutive month of decline. This is the longest bearish streak since 2018.
The cryptocurrency analytics platform CryptoQuant, in its assessment of the recent selling pressure in the Bitcoin market, reported that the main actors behind the large transfers of funds to exchanges were not long-term investors, but large investors who had recently made purchases.
The risks of an extended February correction in digital gold remain high. The negative technical setup coincides with rising activity from large market participants.
Українська
Русский
English