Bitcoin’s volatility continues to dominate market discussions, with analysts offering diverse forecasts on its next move. This week, Bitcoin price prediction models suggest an upcoming drop followed by a sharp rebound, driven by technical patterns and market forces.
After briefly entering a bear market and bottoming at $82,177, Bitcoin (BTC) has recovered slightly, trading around $86,200 following strong earnings from Nvidia (NASDAQ:NVDA). However, an astrology-based crypto analyst warns that Bitcoin’s decline isn’t over yet and may continue until March 13 or 14, aligning with the upcoming Lunar Eclipse.
Bitcoin’s Lunar Eclipse Crash Theory
A well-known but anonymous crypto analyst has predicted that Bitcoin and altcoins will experience further losses in the coming weeks. His analysis is based on astrological cycles, particularly Saturn conjunction, which is historically linked to market contractions and economic slowdowns.
According to his Bitcoin price prediction, the ongoing sell-off will intensify before March 13, when the Lunar Eclipse occurs. In astrology, such celestial events are associated with emotional shifts and market reversals, suggesting Bitcoin could rebound shortly after the eclipse.
Fundamental Factors Driving Bitcoin’s Decline
Beyond astrology, several fundamental market factors support the bearish outlook for Bitcoin:
- Bitcoin ETF Outflows
Recent data from SoSoValue shows that spot Bitcoin ETFs have suffered consecutive outflows over the past seven days, indicating that American investors are stepping back. This lack of institutional demand adds selling pressure on BTC.
- U.S. Tariff Uncertainty
Political uncertainty could also weigh on Bitcoin. Former U.S. President Donald Trump has hinted at the possibility of new tariffs on imports, creating additional market volatility. Earlier this month, Bitcoin’s price dropped sharply when he announced tariffs on Mexican and Canadian goods.
Technical Indicators Point to More Downside
- Bearish Candlestick Patterns
Bitcoin’s price chart has formed a Three Dark Crows pattern, a classic bearish reversal signal indicating a potential continuation of the downtrend. The current rebound might be a bull trap, luring buyers before another drop.
- Ichimoku Cloud Breakdown
BTC has also moved below the Ichimoku Cloud, a sign of strong downward momentum. This suggests the market sentiment remains bearish, reinforcing the possibility of a deeper correction.
- Double Top Formation
A double top pattern has emerged, with a neckline at $89,107. The price has already broken below this key support level, and if the pattern completes, Bitcoin could drop 18% from this point, potentially reaching $73,613—its March 2024 high.
Bitcoin Price Outlook: When Will BTC Rebound?
Despite these bearish signals, many analysts believe Bitcoin will recover in the long run. If the astrology-based Bitcoin price prediction holds true, a reversal around mid-March could set the stage for another bull run.
Key factors to watch for a Bitcoin rebound include:
Institutional buyers re-entering the market after ETF outflows stabilize.
A decrease in macroeconomic uncertainty, especially regarding tariffs.
Bitcoin’s halving event, which historically triggers long-term price increases.
Conclusion: Short-Term Pain, Long-Term Gain?
The Bitcoin price prediction for the next few weeks suggests a potential crash before a rebound. While technical and fundamental indicators point to further downside, the Lunar Eclipse theory predicts a recovery around mid-March.
For investors, this period may present buying opportunities if Bitcoin reaches key support levels. However, the market remains highly volatile, making risk management crucial.
Conclusion: Short-Term Pain, Long-Term Gain?
The Bitcoin price prediction for the next few weeks suggests a potential crash before a rebound. While technical and fundamental indicators point to further downside, the Lunar Eclipse theory predicts a recovery around mid-March.
For investors, this period may present buying opportunities if Bitcoin reaches key support levels. However, the market remains highly volatile, making risk management crucial.
Despite the near-term bearish outlook, long-term fundamentals remain strong, with increasing institutional adoption, regulatory clarity, and the upcoming Bitcoin halving expected to drive future gains. If Bitcoin follows historical cycles, a deep correction could be followed by a significant rally, making this a critical time for investors to stay informed.
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