March Returns: Historical Data and Long-Term Outlook for Bitcoin

TLDRMarch has historically been a relatively uneventful month for Bitcoin, with both positive and negative closures. Data shows that March tends to be a low-volatility month, indicating a potential range-bound movement. This aligns with the overall long-term outlook, favoring bullish momentum. Expect a relatively boring month, with a potential pullback to around $49,000. However, this shouldn't affect the long-term bullish trajectory, with a possible retest of all-time highs by April or May.

Key insights

March has historically been a low-volatility month for Bitcoin.

Out of the 14 Marches analyzed, 7 have closed positively and 7 have closed negatively.

The average return for positive months was 13%, while negative months averaged a loss of 14.64%.

Expect a potential pullback to just below $49,000 in the short term.

Long-term outlook remains bullish, with a possible retest of all-time highs by April or May.

Q&A

Is March typically a volatile month for Bitcoin?

No, March has historically been a low-volatility month for Bitcoin with relatively small price movements.

What is the average return for positive months in March?

The average return for positive months in March is 13%.

How many of the 14 Marches analyzed have closed positively?

Out of the 14 Marches analyzed, 7 have closed positively.

What is the average loss for negative months in March?

The average loss for negative months in March is 14.64%.

What is the potential price target for a pullback in the short term?

A potential pullback in the short term could reach just below $49,000.

Timestamped Summary

00:00March has historically been a relatively uneventful month for Bitcoin, with both positive and negative closures.

05:39Out of the 14 Marches analyzed, 7 have closed positively and 7 have closed negatively.

10:58Expect a potential pullback to just below $49,000 in the short term.

04:11Long-term outlook remains bullish, with a possible retest of all-time highs by April or May.