After seeing sever losses in 2018, where Bitcoin lost 84 percent of its value when it dipped to $3,200 in mid-December, Bitcoin first time in the last six months managed to see a green month.

There have been two pumps in the month of February where Bitcoin went from $3,400 to $4,100, through the gains made in the last week's pump was all lost as Bitcoin dipped to $3,800. Bitcoin started the month at $3,447 and ended the month at $3,873, seeing a rise of 12 percent.

Bitcoin February Price chart, Source: Coinmarketcap

At the time of writing, Bitcoin has been trading at $3,845 with 24-hours loss of 0.47 percent, as per the data provided by Coinmarketcap.

Since February 24, Bitcoin has been trading primarily around $3,850 level. Meanwhile, the leading cryptocurrency is currently managing the daily trading volume of $7.6 billion.

What to Expect from March?

Moving into a new month, in the light of the February performance, the expectation from this month are also for another hike. If we take a look at the Bitcoin price movement in March 2015, a cycle that the current market cycle is mirroring, we can expect the greens.

In 2015, March started in a positive note at around $250 and in the first week itself saw a surge to $282. The highest point of March has been $296 which is a hike of 18 percent from where the price started. However, BTC ended the month at $245 which has been a drop of 2 percent from where it started the month.

Bitcoin Price chart from 2015, Source: Coinmarketcap

Now, it can be said that March could see green in this month to the $4,500 level or we may even get to see $5k. But on the basis of 2015’s March month movement, in like a lion and out like a lamb, we could see Bitcoin yet again at around $3,800.

Crypto trader and investor, Josh Rager also notes a similar situation as he points out an engulfing bull candle on the monthly,