March to Be Super Bullish for Bitcoin Price Rally
Bitcoin price in recent times experienced a major slump that declined the price close to $43K levels. Moreover, the bounce back halted multiple times at $50,000, probably indicating a strong consolidation.
Conversely, the BTC price rally which was stuck up within a narrow range, geared up immensely. Since the previous trading hours, the price initiated a rally and continued till press time. The price is rallying parabolic yet again by flipping the resistance levels at $52K into support as said by an analyst Rekt Capital.
The analysts also predict that the bull run may also rally the price hard close to $58,000 highs very soon. And as said by another analyst, The Moon, Bitcoin price may smash $60,000 in the forthcoming days.
BTC Price Elliptical Flow
The BTC price maintains a narrow trend after a slight push and hence consolidated for a while before a major push towards the current levels around $54K. The price has flowed an elliptical pattern yet again.
Previously, when the BTC price underwent a parabolic move, the price rose from $41K to the all-time high of around $58K including a couple of slumps dragging the price below $30,000. Therefore, if the same pattern is considered, then the bitcoin price may smash levels above $60,000.
Currently holding strong at the current levels and an uptrend towards the $55,000 is the need of the hour. And hence the bitcoin price rally may have a decent jump towards the ATH or even more can be expected in the coming days.