Bitcoin’s bottom and bullish breakout is just a month away, according to analyst
Bitcoin’s (BTC) price action remains volatile as it swiftly recovered to $89,000 after plunging to $82,000, rebounding from a sell-off sparked by Donald Trump’s announcement of 25% tariffs on U.S. imports from Canada and Mexico. Despite lingering bearish sentiment, the broader trend remains bullish. According to an Analysis by TradingShot, Bitcoin is expected to consolidate sideways throughout March, attempting to establish a firm bottom before making a decisive move. Historical price trends suggest that a potential breakout could unfold within a month. “As a result and based on all the above conditions, it is possible to see Bitcoin consolidate sideways in an attempt to cement the bottom for the majority of March. A break above the 1D MA50 either then or earlier, would be a technical bullish break-out confirmation.” Picks for you Trum...