I will keep this short, we all know how month of March do not favour bitcoin at all, bear market started ending of February and today is the last day of February, hope the market will not still go downside? I do fair the month of March because bitcoin and generally all cryptocurrencies do suffer in price declination during this time.
What you think this coming month (March) will bring?
I don't think anyone can predict what the market will bring us in March, but I still think that the bear market may last a few more weeks. It remains to be hoped that it is not too long.
The OP analysis is based on price history repeat itself if the market can print red in March in the previous years the tendency to experience such a bearish market might be feasible this year too this analysis is like an eye opener for both hodlers and traders to be extra careful although the analysis might not come to pass at the end of March based price sentiment which often defies any form TA the duration of the bear market is beyond any analyst
This year may defy the previous trend as we are in a different situation now.
There are so many big companies and financial institutions that are already into this industry.
Though we are seeing red in the market, but I strongly believe that we will go up again.
It is just normal to have market correction after couple of months of breaking ATH of btc market.
So what we are seeing right now, is expected to happen.