Bitcoin's price is in the midst of a correction, which may persist in the coming weeks. This article examines market and astrological factors affecting its trajectory.
Current Market Situation
This week, Bitcoin briefly dipped to $82,177, entering a bear market, but later recovered to $86,200 following strong Nvidia earnings reports. Fundamental factors, such as continued outflows from Bitcoin ETFs, indicate investor caution. Additional negative trends are supported by concerns about the potential economic impact of new tariffs from Donald Trump.
Astrological Prediction
An anonymous crypto analyst using astrology has predicted that Bitcoin and other altcoins will keep declining until March 13. The period between February 25 and March 13 is noted as particularly risky for cryptocurrencies and stocks because of the Lunar Eclipse, a major astrological event linked to emotional shifts. His prediction states: 'We are in a crypto danger zone lasting until the March 13 Lunar Eclipse, associated with serious astrological aspects.'
Technical Analysis and Forecasts
Technical analysis shows that Bitcoin's price has formed a 'three dark crows' pattern, indicating possible continued decline. Price is also below the Ichimoku cloud and at the 'double top' neckline at $89,107. A further drop could reach March 2024's high of $73,613.
Bitcoin's price continues to be influenced by both technical and fundamental factors, intensified by astrological predictions. Investors should be cautious of possible further price movements during upcoming astrological events.
