True. Mainstream media always looks at this type of price actions from the doom and gloom perspective. It's like a bull market doesn't have pull backs or corrections. I also don't think that after over two years of harsh bear market, Bitcoin will only peak at 3x the past bull cycle ATH. This space is expanding at the speed of light, the uptrend in both progress and prices is guaranteed and exponential. Months from now when BTC will be over $100,000 many will regret panic selling and even trading this market.

Comparto contigo que el bitcoin esta buscando esa zona de soporte alrededor de los 48K. Si logra romper este soporte y el precio sigue cayendo, los proximos objetivos probables serian los que estan alrededor de los 42$. Vamos a ver que tan profundo es el retroceso.
![](https://www.tradingview.com/x/RdFGauGu/)
>I share with you that bitcoin is looking for that support zone around 48K. If it manages to break this support and the price continues to fall, the next likely targets would be those around $ 42. Let's see how deep the recoil is.

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It looks like things are already recovering pretty well and we are nearly back to that 1T cap again.  I think we could see it by the end of the day.  In my expert opinion anyway! :)

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#### $50k Stronk
Market turns around instantly in Q2. 

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Actually, I was hoping for a slightly red March but that became abundantly clear we won't get one with all the support there is around 44k and then 48k. It would have released some pressure built from 6 consecutive green months. But I suppose this will be pushed to the limit and maybe have it during the summer, maybe even in a sideways movement.

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Indeed, as they said, everyone is afraid of the end of the first quarter of the year, and what may follow, of a violent decline.

Perhaps those who bought from the level of 10 thousand or even 20 thousand will settle for profit and start selling.

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True @scaredycatguide
I agree that this doesn’t seem bad anymore, it’s just consolidation time, shake out some uncertain investors then other investors with more certitude will decide when they think it’s close to support and they will buy it up.

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I personally expect a major correction in Bitcoin at least to $48K at the very least, if it corrects further, even better. This needs to happen for the health of the market. And there is a lot on the chart that indicates a probable correction, we may note fatigue in BTC.

Best regards colleague!

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I think there is an important trend line that you should implement in your chart. It was very helpful so far:

https://peakd.com/hive-167922/@tobetada/crypto-analysis-or-bitcoin-53k-and-upward-trend

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A price divergence in the RSI indicator can be observed in 1-day time frame candlesticks.

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![whatsapp_image_2021_03_25_at_11.27.21_am.jpeg](https://images.ecency.com/DQmcPuTkL9Muwyd5vgrHoRUrKwgFzyj25jZ4xtZ52Nyn54o/whatsapp_image_2021_03_25_at_11.27.21_am.jpeg)

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We could expect a major correction to the $43K area. It would be the healthiest thing for BTC, but at the end of the day the market does whatever it wants, especially Bitcoin hahaha. Greetings!

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