📉 Bitcoin Erases Gains for March! Path to Recovery? |28 March 26|

Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where Bitcoin wipes all of its positive gain for March in a week!

Red for 6 months in a row?! Well, time to pull extra shifts at McDonalds for us. 😅

📊 BLOCKCHAIN BREAKDOWN

• Bitcoin’s Daily Movement 

• What to Anticipate Next 

📌 BULL MARKET BULLETIN

• Cryptocurrency Headlines 

📊 OUR BOLD PREDICTION

We are all aware that the current global uncertainty isn’t boding well for us or for our portfolios . . .

There are mixed feelings in the market.

Time to “buy the dip” or sell completely and buy back in when this market is back into recovery?

The follow-up question . . . if someone completely sells, would they miss reentry?

Bitcoin moved $3,000 in 5 minutes on Monday . . . Bitcoin moves fast! Would hate to miss out on the next bullish rally!

📊 KEY STATISTICS

• Overall Market Capitalization = $2.31T

  • (110B decrease since last Saturday)

• Bitcoin Market Capitalization = $1.33T

  • (80B decrease since last Saturday)

• Bitcoin’s ROI in March = -1%

📊 BITCOIN’S DAILY MOVEMENT

So, what occurred on the 24th of March that we were projecting something “big” would occur?

Bitcoin pushed against major resistance at $71,741.45, was unsuccessful on breaking above this area, and is now testing support at $65,596.85.

Let’s take a look at Bitcoin’s daily movement below . . .

In last Saturday’s newsletter, Bitcoin had a positive momentum by setting “higher highs and lower highs,” which is an upward trend.

Fun thing for us . . . Bitcoin has now flipped the script and is showing us a “lower highs and lower lows.”

What does this mean for us? Well, Bitcoin is going to break key support at $65,596.85 and then $60,028.03 if we don’t turn this ship around!

Ready for our timeline? Take a look below at our “What to Anticipate” section!

🧠 MARKET PSYCHOLOGY

Just from our last newsletter a week ago, Bitcoin has moved -6.40% percent in the month of March!

Yes, you read that right . . .

Even so, Bitcoin is showing a positive long/short ratio which could contribute to short sellers closing their bearish positions.

Either way . . .

As of now, bullish traders make up 50.23% of the market while bearish traders make up 49.77%.

Recovery soon to come? We are hopeful but not confident . . .

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🔮 WHAT TO ANTICIPATE

As stated in last Saturday’s newsletter:

Yeah, we still agree with the “we are cooked!” statement haha!

Even though Bitcoin still holds above 2 major support areas does not mean that it will continue to hold.

📈 BULLISH SCENARIO

Bitcoin must hold $65,596.85 and bounce back towards major resistance at $71,741.45!

Even though we are in a “lower highs and lower lows” does not mean that recovery is not possible . . . but it is more difficult in a downward trend.

With $65,596.85, Bitcoin needs to overcome $69,155.16 to ensure that a bear flag formation does not start to form.

From there, attacking $71,741.45 within the next week would “turn the ship around” as we mentioned before!

📉 BEARISH SCENARIO

If Bitcoin breaks $65,596.85, then it is highly probable that Bitcoin will continue to move down to $60,028.03.

Everyone is watching this area, especially the bearish traders.

If $60,028.03 breaks, we are projecting that a Bitcoin freefall in price will occur next and $52,910.94 is the next key area to save the bulls!

Probability of a push back to $60,028.03 if Bitcoin falls below $65,596.85 is at 68% . . .

👀 WATCH FOR THIS NEXT

Will Bitcoin hold $65,596.85 or break through?

Bitcoin continues to teeter on this area, and all areas are watching the next move!

🧠 OUR OVERALL THOUGHTS

March has erased all positive gains for Bitcoin, and we are now in a 6-month red streak!

At some point, Bitcoin will show a green month but “how green?” is the question that we are asking ourselves.

As turbulence continues in the world through current events, we are now projecting a strong recovery.

Once we see a turn in current events, that is historically when the market begins to reset itself . . .

Fasten your seatbelts as we continue this wild ride!

Be safe out there and may the bull guide you well!

BULL MARKET BULLETIN 📌

$4 Trillion Mortgage Lender Fannie Mae Opens the Door to Crypto! Ready to leverage your Bitcoin into buying a home? The time is nigh!

Bitcoin Whales “Double Down” on Bitcoin! Even with current global uncertainty, key Bitcoin holders have accumulated 61,568 Bitcoins ($4.1B) in the past month. Are they buying “on the cheap?”

BULLISH OR BULLSH*T? 🤔

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