Can Bitcoin [BTC] defy the infamous ‘March Chronicle’ in 2023?

BTC’s price action has the potential to go against the usual March decline. Coins that had moved in the last decade were now more than those held on exchanges. Bitcoin [BTC] has the “habit” of performing woefully in March over the years, making it the second worst month over the years, bar 2013. While the […]

Furthermore, Bitcoin Quant Trader Charles Edwards tweeted that the January uptick was no coincidence. He went ahead to say that it was the start of the bull market while giving his reasons.

January was massive for Bitcoin, not just because price went up a lot. I believe it was the start of the bull market for Bitcoin for these 9 reasons:Edwards pointed to several factors, including macroeconomic change and miners’ unprofitability. However, he hammered on the 2024 halving effect, noting that,

“We are at optimal halving cycle timing where Bitcoin typically bottoms . Like clockwork, Bitcoin has bottomed in the window 12-18months prior to every halving in the past.”Subscribe to get it daily in your inbox.

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Short-term Bitcoin [BTC] holders may drive next bull run- Here’s howBTC’s next bull run could happen if short-term holders spend less and accumulate more. The last few days have been marked by the exit of “weak hands.” According to pseudonymous CryptoQuant analyst Crazzy blockk, an assessment of key on-chain metrics suggested that short-term Bitcoin [BTC] holders could be instrumental in driving the next bull run […]
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Bitcoin [BTC]: With this new milestone, a new bull cycle remains in doubtBTC’s 1-week average market price falls below the 200-week average for the first time. BTC has seen increased sell-offs in the last week. Leading coin Bitcoin [BTC] registered a new milestone as the coin’s 1-week average market price fell deep below the 200-week average for the first time, CryptoQuant analyst Binh Dang found. According to Dang, […]
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Bitcoin [BTC] bears keep the faith as short funds see $10M inflows: ReportShort-Bitcoin investment products saw inflows last week. Bitcoin logged its third-consecutive week of outflows. In a new report, digital asset investment firm CoinShares found that the negative sentiments lingering in the digital assets market culminated in a third consecutive week of outflows for Bitcoin [BTC] as investors shifted their attention to short investment products last […]
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Bitcoin Feb. 27 daily chart alert - Price uptrend still alive, but just barelyBitcoin Feb. 27 daily chart alert - Price uptrend still alive, but just barely Cryptocurrencies
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Bitcoin Feb. 28 daily chart alert - Bulls fading just a bit(Kitco News) - March Bitcoin futures prices are a bit firmer in early U.S. trading Tuesday.
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How Bitcoin Ordinals boost drove up the Stacks [STX] priceThe STX price remained in the bullish region since the Bitcoin Ordinals hype. The Bitcoin taproot utilization increased as Stacks develops hyperchain. The value of Stacks [STX], a token related to the Bitcoin [BTC] ordinals NFT, surged 27.40%, according to data from CoinMarketCap. This was in contrast to the sentiment displayed by the broader crypto market, which […]
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