Bitcoin Price Consolidating, is a Big Move About to Happen?

Bitcoin price continues to look bearish, yet activity and investing interest continues to grow. Analysts are optimistic about the market recovering continuing, but when will the bulls return? 

MARCH SEES SLIGHT BITCOIN PRICE GAIN

Bitcoin began a correction on February 20th, which frustrated many investors hoping to see it remain above USD $10k. Nevertheless, the price has slowly moved up since the beginning of March. The flagship cryptocurrency is now up two percent for the month. 

Analyst DonAlt predicts that Bitcoin is clearly at a crossroads for the near term, but the overall indicators still suggest upward price movement.

$BTC update:

So far so good.
Tightened risk a little bit, if the much sought out $9500 level hits I think we go higher, not lower.

Today’s weekly close will be interesting if we close below $8750 BTC will have had bearish retests on the monthly, weekly, 3d and daily timeframe. pic.twitter.com/1qZN2iXDti

— DonAlt (@CryptoDonAlt) March 8, 2020

A key takeaway…