๐ Bitcoinโs Price Climbs as It Enters a Consolidation Phase ๐
๐ In February, Bitcoin (BTC) surged from $42,279 to $46,000, marking a 51% increase, but faced resistance at $64,000, leading to a consolidation phase. ๐ Indicators now suggest a potential bullish continuation pattern, resembling a Pennant, amidst sideways movement and a symmetrical pattern development.
๐ March's historical performance for Bitcoin has been mixed, ranging from +172% to -32.85%, with an average return of +12.20%. Currently trading at $62,802, BTC is testing the upper boundary of the flag chart pattern. Analysts foresee possible targets at $66,655 and $75,000 if the bullish trend persists. ๐
