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?
March has already passed and I would not say that this month was bad for the cryptocurrency. Bitcoin rose above $ 60,000 a week ago and is now at around $ 59,000. It is quite possible that at the end of the month we may see another wave of its price growth. Last year, March was bad for prices in the cryptocurrency market because it was then that the spread of the coronavirus was officially announced. There is no such negative information so far this year. The third wave of the spread of the coronavirus has begun, but Bitcoin will not be scared by this anymore.
What's bad about that? we have seen a new all time high, bitcoin dip but we have recovered already.
We don't have control of the corona virus right now, and not only bitcoin or crypto in general was affected by it. But after a year, and with speculation that this month will be the start of the bear market, bitcoin rose to another all time high and we still have a couple of weeks to surpassed it and set a new one. The trend of March being a bad month for bitcoin has been broken already.