Bitcoin

<p><em><strong>A potential flag pattern in BTC suggests an impending directional move, with $60,000 acting as robust support for buyers. The intraday trading volume for Bitcoin sits at $25 billion, signaling a 12% loss.</strong></em></p><h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Binance-labs.png?fit&#61;850%2C480&amp;ssl&#61;1" /></p><p>In February, Bitcoin (BTC), the top cryptocurrency, saw strong growth, soaring from $42,279 to $46,000, marking a remarkable 51.4% increase. But as March began, its volatility surged. Attempts to recover were hindered by resistance at $64,000. Over the weekend, Bitcoin showed a consolidation pattern, suggesting a <a href="https://cryptosheadlines.com/shiba-inu-shib-resets-for-potential-bullish-comeback/" rel="noopener noreferrer nofollow">potential bullish</a> continuation, known as a Pennant formation.</p><h3 id="bitcoin-recovery-faces-resistance-at-64-000">Bitcoin Recovery Faces Resistance at $64,000</h3><p>The current uptrend in Bitcoin is encountering significant supply pressure at the $64,000 mark, as evidenced by the presence of long-wick rejection candles. This overhead <a href="https://cryptosheadlines.com/coinbase-experts-bitcoin-selling-pressure-eases-as-ftx-completes-gbtc-sale/" rel="noopener noreferrer nofollow">selling pressure has caused Bitcoin’s</a> price to move sideways, mirroring the behavior of major altcoins. This indicates a market sentiment of consolidation following a rally.</p><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/03/cryptosheadlines002-3.png?resize&#61;640%2C295&amp;ssl&#61;1" /></p><p>Bitcoin Price| Tradingview</p><p>A closer analysis of the 4-hour time frame charts reveals that this sideways movement is confined within two converging trendlines, suggesting the formation of symmetrical patterns. This chart pattern provides a temporary breather for Bitcoin, allowing it to gather strength for its next upward move.</p><h3 id="analyzing-bitcoin-s-march-performance-over-the-years">Analyzing Bitcoin’s March Performance Over the Years</h3><p>Recent <a href="https://cryptosheadlines.com/bitcoin-holders-in-profit-after-11-months-according-to-blockchain-data/" rel="noopener noreferrer nofollow">data from Coinglass provides insights into Bitcoin’s monthly</a> returns from 2013 to 2024. Specifically focusing on March, the trend appears mixed, with positive returns observed in five out of the eleven years listed.</p><h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Binance-labs.png?fit&#61;850%2C480&amp;ssl&#61;1" /></p><p>March returns for Bitcoin have shown notable fluctuations, ranging from a high of &#43;172% in 2013 to a low of -32.85% in 2018. Despite these extremes, the average March return over these years stands at &#43;12.20%, with a median return of -1.11%. This suggests that, on average, Bitcoin has seen slight positive performance during the month of March.</p><p><a href="https://cryptosheadlines.com/insights-anticipating-a-35-surge-in-polygon-coin-price/" rel="noopener noreferrer nofollow">Also Read:   Insights: Anticipating a 35% Surge in Polygon Coin Price</a></p><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/03/cryptosheadlines003-3.webp?resize&#61;640%2C318&amp;ssl&#61;1" /></p><h3 id="bitcoin-s-march-performance-historical-insights-and-future-prospects">Bitcoin’s March Performance: Historical Insights and Future Prospects</h3><p>The presence of both significant <a href="https://cryptosheadlines.com/binance-ceo-embraces-meme-coin-craze-as-positive-indicator/" rel="noopener noreferrer nofollow">positive and negative returns in March indicates</a> a lack of consistent trends during this period. This makes it challenging to predict future performance based solely on historical data.</p><h3 id="technical-analysis-and-price-movement">Technical Analysis and Price Movement</h3><p>Currently trading at $62,802, Bitcoin’s price suggests a potential bullish breakout from the upper boundary of the pennant chart pattern. A successful breakout, confirmed by a 4-hour candle closing above this boundary, would signal the continuation of the prevailing trend. If the pattern holds true, <strong>Bitcoin’s price could target $66,655, followed by $75,000.</strong></p><p>Bollinger Band: The squeezed range of the Bollinger Band <a href="https://cryptosheadlines.com/bitcoins-volatility-indicator-signals-bull-run/" rel="noopener noreferrer nofollow">indicator highlights increased volatility in Bitcoin</a>.Average Directional Index (ADX): The downsloping ADX slope at 49% indicates that Bitcoin buyers are regaining strength amidst the current consolidation phase.</p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

Historical Trends for Bitcoin Prices in March

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