Even lots of cryptı influencer are waiting for mega bullish season, monthly chart of Bitcoin looks horrible. We should be careful possible bearish seasons. Here you can see monthly chart of Bitcoin. There is no two successive red monthly candles on Bitcoin price chart since August 2023. You can see what happaned in 2021 when we saw successive monthly red candles on Bitcoin price chart. So, February and March are very important for Bitcoin price chart.
If Bitcoin gets red monthly candle in this month, March will be more important.
Here you can see the indicators on monthly Bitcoin price chart. MACD Indicator is on the top. It may reverse. If it reverses, you can see what will happen. Fisher Indicator is close to reverse down. If we see red monthly candle in March, Reversing will be completed on Fisher Indicator and you can compare with 2021. So, This is how March is important for Bitcoin price.
I shared a few posts about the importance of support line on Bitcoin price chart. If it breaks down, monthly bearish scenario will begin.
So, Even lots of crypto investors, influencers are waiting for all time high on Bitcoin price chart and 2025 mega altcoin season, we should be careful. There is also horrible scenario on market.
We will see..
Posted Using INLEO
Unpredictable