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Bitcoin’s price stood at $86,000 at the time of writing, with altcoins yet to show the desired recovery. Following a week of deeper lows, will the cryptocurrency markets transition back to an upward phase? What can market participants expect? Let’s take a look at experts’ recent predictions.
Has the Cryptocurrency Downtrend Ended?
BTC has often repeated similar movements in previous cycles. Analysts continue to monitor structures seen in earlier cycles today. Washigorira expressed doubts about the beginning of a bear market, sharing a graph highlighting past years’ performances.
“Bitcoin 
$78,915 Has the Bear Market Started?”
Historically, BTC has never peaked without surpassing the blue line of the Power Law Corridor. Is this cycle an exception, or are we not yet at the peak?”
Another signal before previous uptrends was highlighted by Ali Charts.
“BTC historically bounces back when the realized loss margin for on-chain traders reaches -12%. Currently, it’s at -14%!”
We have often seen abnormal price movements under extraordinary conditions. While many signals indicate a rally, it remains difficult for investors to embrace this optimism. However, as notable lows and highs become apparent, market participants recognize the trend.
Bitcoin (BTC)
The markets remained unusually calm over the weekend, with volumes declining. March is set to be an active and hopeful month for cryptocurrency investors. Discussions and chaos from the last two months must transition into negotiations and agreements. Unless we stand on the brink of a Third World War, we should witness a resurgence of politeness in both trade and politics.
Daan Crypto Trades also pointed out attention towards Monday for other reasons:
“For the first time in weeks, we saw BTC rise on Friday. In previous weeks, we often saw a rally towards Friday but a drop right before the weekend. Now, it has been the opposite.”
On Monday and this new month, we will see where it wants to go.
It feels like months since BTC opened with a significant gap (meaning it moved up over the weekend). Generally, such gaps can act as breakaway gaps, pushing many market participants aside as they wait for the gap to close. For this to occur properly, you should want to see at least a 3-5%+ movement over the weekend.
