Bitcoin’s historical patterns and market feelings Flash news details

On March 21, 2025, Crypto Rover (@robercrc) made a statement on the historical performance patterns of Bitcoin, indicating bullish expectations due to the historical repetition (Source: Twitter, Rovercrc, March 21, 2025). To analyze this claim, we delve into the current market dynamics and historical data. On March 20, 2025, the Bitcoin price was recorded at 67,450 dollars, which represents an increase of 3.2 % over the closing price the previous day of $ 65,300 (Source: CoinMarketcap, 20 March 2025). Bitcoin trading on this day amounted to about 35.6 billion dollars, which is slightly higher than the average daily size of $ 34.2 billion during the past week (Source: CoinMarketcap, 20 March 2025). In terms of trading pairs, BTC/USD witnessed a volume of $ 22.1 billion, while BTC/USDT was $ 10.3 billion, indicating the preference of Stablecoin (Source: Coingecko, 20 March 2025). The scales on the series show a steady increase in active headlines, with a total of 1.2 million active titles on March 20, 2025, an increase of 1.15 million in the previous week (Source: Glassnode, 20 March 2025). In addition, the Bitcoin retail rate of 400 EH/S, indicating the safety of the strong network and the participation of mines (Source: Blockchain.com, March 20, 2025).

Looking at these data, the upcoming emipto Rover feelings can be examined through the lens of trading effects. Prices increase by 3.2 % from March 19 to March 20, 2025, indicating a possible continuation of the upward trend. However, traders should consider increasing trading volume, especially in Stablecoin pairs, which may indicate a cautious approach by some investors (Source: Coingecko, 20 March 2025). The height in active addresses also indicates an increased interest and potential purchase pressure. For example, the BTC/ETH trading pair of $ 1.8 billion, indicating interest across the market (Source: Coingecko, March 20, 2025). Moreover, Bitcoin’s market value increased by $ 20 billion in the same period, reaching $ 1.23 trillion (Source: CoinMarkcap, March 20, 2025). This indicates the consensus of the broad market on the upward trend, but traders must continue to be vigilant with possible corrections, especially given the high trading volumes in Stablecoins.

From the perspective of technical analysis, the Bitcoin price procedure on March 20, 2025 shows a clear break over the moving average for 50 days, which amounted to $ 65,000, indicating more bullish direction (Source: TradingView, 20 March 2025). The RSI of Bitcoin was 68 years old, indicating that the original has not yet been clarified, but approaches the peak area of ​​purchase (Source: Tradingvief, March 20, 2025). Increased trading volume, especially in BTC/USDT, indicates a strong participation in the market. Betcoin’s Bollinger ranges on this day showed that the price moves towards the upper range, which was at $ 68,000, indicating possible fluctuations and possible decline if the price fails to maintain higher than this level (Source: TradingView, 20 March 2025). The scales on the chain support this analysis, with the MVRV ratio at 3.5, indicating that bitcoin is in a profitable area for its owners (Source: Glassnode, March 20, 2025). In conclusion, although the historical patterns mentioned by the Crypto Rover may indicate upward expectations, traders must consider technical and technical indicators to make enlightened trading decisions.