Bitcoin monthly (March 2026) & the altcoins market

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Bitcoin monthly (March 2026) & the altcoins marketBitcoin / TetherUSBINANCE:BTCUSDTMasterAnandaWe have to go back almost 8 years to see Bitcoin closing five consecutive months red, 2018. Back then, market conditions were extremely different to what we have now. The action was first sideways for three months and then finally a major crash in the form of a capitulation event. Bitcoin hit bottom December 2018 at $3,156. There was only one big red candle, all the others being mild. In 2018, Bitcoin closed six consecutive months red. After the sixth red close, it started rising until it hit a new all-time high at $64,000 in April 2021. So, an extraordinary bull market developed out of extremely fearsome market conditions. From the worst ever, we ended up with the best ever bull market. Fast forward 7.5 years and Bitcoin closed its fifth consecutive red month. Instead of sideways with a capitulation event, we witnessed very strong bearish momentum, a full blown bearish impulse. The down-move stopped right at the 2024 long-term consolidation range. A support range that was created after 8 months of sideways action, the unbreakable support. This is a price range between $49,000 and $74,000, a wide range. This long-term support has been activated. Bitcoin hit a low of $60,000 last month, 6 February 2026. The close happened at $66,973. Enough history lessons. What can we expect next? Bitcoin is currently trading in-between the highs from April and November 2021. Also, between the 0.5 to 0.618 Fib. retracement levels ($70,838 to $57,772) in relation to the previous bull market cycle. Right in-between. ›› For Bitcoin to enter bullish territory, we need a move and close above $70,838. ›› For Bitcoin to enter bearish territory, we need a move and close below $57,772. With the exception of Ethereum, Binance Coin and several other top projects, the entire altcoins market is trading at bottom prices, many projects hitting new all-time lows. Just as it happened back in 2018, and 2022 for that matter, once the worst ever conditions developed, the market tends to turn. The Cryptocurrency market sentiment hit the lowest ever and continues to linger around extreme fear. This trend cannot be sustained. The market is calling for a relief rally yet, the overall feeling is slightly mixed. We can say some bearishness still remains, active; the bears lurking, but they are not strong. When looking at the altcoins market, I found proof that support a relief rally this and next month. After this relief rally, it is possible to see a bearish resumption. Bitcoin monthly is neutral right now. Anything goes. I am bullish on the Cryptocurrency market. We are specially bullish on the altcoins. Never in the history of this market have the altcoins rallied without Bitcoin's support. The altcoins are about to start a very strong rally, I feel certain that Bitcoin will lend its support once more. Thank you for reading. Namaste.