Bitcoin rallied back to US$25,000 Friday morning on 3/17/2023 and reached a price of US$27,000 on Friday night. Bitcoin's price recovery seems quite fast, rallying more than 50 percent in less than six months. When the banking market experienced a liquidity crisis, Bitcoin showed a rebound.
It is likely that this movement occurred due to the impact of moving liquidity flows into crypto assets. This could be the potential for bullishness in crypto to continue in the next 2 months.
Keep in mind that the current BTC bullishness is still in its early stages and this positive momentum is very likely to be utilized by crypto asset traders and investors to move the crypto market back.
Bitcoin monthly return in the last three months tends to move bullish. Seeing the potential of btc history itself in the next month historically from 2014 to 2022 every April tends to move bullish. Supported by market participants and investors are looking forward to the results of the Fed's FOMC Meeting on March 21-22, 2023 which provides a positive impetus for Bitcoin.
Bitcoin could potentially continue to strengthen to the US$29,000 level if it holds at the US$26,000 support level.
