A structure resembling the one before Bitcoin's sharp drop in March 2025 is observed on its chart. This article examines current levels and potential outcomes.
Current Situation on Bitcoin Chart
Bitcoin continues to hover near the upper boundary of the Bollinger Bands at around $108,900. This pattern is eerily similar to what was observed prior to the March downturn.
Comparison with March Drop
Previously, Bitcoin stayed close to the upper band for several weeks before retreating about $30,000 to a support level just above $74,000. A similar slow crawl is currently observed near the upper band.
Technical Indicators and Possible Consequences
The current lower Bollinger Band lies at $74,200. If the market repeats the previous pattern, a drop could occur without a sudden panic sell-off. The RSI is fading below 64, suggesting potential momentum shifts. Presently, the price remains above key levels.
While no significant shifts are apparent at this time, the current Bitcoin chart reveals signs resembling those before a notable decline in the past. Investors should monitor the situation closely.
