MEXCBTC Price Prediction: How Long Until Bitcoin Price Breaks Out of Consolidation Phase?
BTC Price Prediction: Over the past two weeks, the Bitcoin price has strictly resonated between the $28800 and $26600 levels. However, this narrow range is part of a bigger bullish reversal pattern that set the BTC price to a higher level. Thus, the ongoing consolidation could assist buyers to replenish bullish momentum and extend the prior recovery rally.
Key Points
- The weekly chart showcasing the lower price rejection candles at the $26600 mark indicated the buyers are aggressive at lower levels.
- A bullish breakout from $28800 will release Bitcoin from the ongoing consolidation phase.
- The intraday trading volume in Bitcoin is $20.63 Billion, indicating a 3.3% loss.
Source-Tradingview
During March’s second week, the Bitcoin price witnessed a massive inflow and breached the $25000 neckline resistance of the inverted head and shoulder pattern. This pattern is one of the famous reversal patterns and is often spotted at a downtrend bottom.
Thus, with the completion of this pattern with neckline breakout, the Bitcoin price is set for a potential target of $34250. However, the traders are currently witnessing a minor consolidation meant to check post-breakout sustainability at higher levels.
The weekly candle showcasing two long-tail rejection at $36650 indicate the buyers are defending the newly reclaimed levels. As the bullish momentum recuperates, Bitcoin should break the $28500 overhead resistance by the coming week.
Anyhow, the buyers will need a daily candle closing above the $28500 resistance as confirmation to resume the prior recovery.
However, besides the $34250 target, the potential rally may face an in-between resistance at the $32000 mark.
Technical Indicator
MACD: in the weekly chart, the MACD(Blue) and signal(Orange) lines entering the bullish territory indicates the overall market sentiment as bullish.
Exponential Moving Average: The Bitcoin price has shown sustainability above the 20-and-100-weekly EMAs line, indicating the ongoing recovery rally could obtain pullback support from them.
Bitcoin Price Intraday Levels
- Spot rate: $28450
- Trend: Bullish
- Volatility: High
- Resistance levels- $28800 and $31800
- Support levels- $26600 and $25250
- Strategy Raises $715M to Buy More Bitcoin Through New Preferred Stock
- JPMorgan Reveals $340M BlackRock Bitcoin ETF Bet Amid Crypto Treasury Decline
- Arthur Hayes Bets Big on Zcash as It Tops $10B and Surpasses Hyperliquid
- Kalshi Sees Nearly 50-Day Shutdown As Bitcoin Now Mirrors Nasdaq
- Breaking: Crypto Market Structure Bill Faces Delay Amid U.S Senate Drafting Issues
- NEAR Protocol Price Surges 37% as Open Interest Jumps 59% — Is $5 the Next Target?
- Can Ethereum Price Break Below $3k as Exchange Reserves Hit Record Lows?
- Avalanche Price Nears 60% Jump Ahead of Granite Upgrade as AVAX Burn Rate Jumps
- Bitcoin Price Crashes Below $100K: What’s Driving the Drop?
- Zcash Price Surges 24% as November 2025 Halving Hype Grows – Is $1,000 Next?
- Shiba Inu Price Soars 5%: Is SHIB About to Erase Another Zero?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
