<a href="https://www.cryptoknowmics.com/news/btc-technical-analysis-will-bitcoin-prices-rise-above-20k-this-month/" target="_blank" rel="noopener">Bitcoin prices</a> acquired partially 22% in March, ascending from $23,450 to the end of the month at over $28,500. The big bullish candle has reflected the one for January, setting up the following major move for the asset.

According to ``The Birb Nest”, a  market analyst has stated that BTC’s daily profile has become even more bullish as a result of the monthly candle. He noticed that the everyday pattern support is at $22,500. This may serve as a point of reference or anchor for many traders, increasing the likelihood that BTC will move towards the 200-day average price.
<h2>Prices for Bitcoin in Q2</h2>
[embed]https://twitter.com/TheBirbNest/status/1642570158358122497[/embed]

Bitcoin is right now exchanging down 2.4% on the day at $27,786 during the Monday morning Asian trading session. The asset has retreated slightly after failing to break above $28,500 of resistance, but it remains within the consolidation range. Lower support levels are a little over $27,000, while upward resistance is approximately $29,000 to $29,500. The analyst confirmed that "a break outside these Bands may imply a more powerful breakout with the appearance of a new short-term trend."
<h3> Outlook for the crypto market</h3>
Total capitalization has decreased to $1.2 trillion, representing a short-term decline of 1.9% for the day's crypto markets. Ethereum (ETH) is down 2.2% to $1,778 while Bitcoin (BTC) is leading losses with a fall below $28,000. Altcoins are all in the red today, with heavier losses of over four percent being seen on Dogecoin (DOGE), Solana (SOL), Polkadot (DOT), Shiba Inu (SHIB), and Avalanche (AVAX).

Bullish Bitcoin Monthly Close in March

The big bullish candle has reflected the one for January, setting up the following major move for the asset.

Sonakshi is into the crypto world ever since she heard about it and is pursuing her interest through Cryptoknowmics. She is a sensational poet, technical writer and content strategist.

Bullish Bitcoin Monthly Close in March

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