BTC may see March rebound before April-May weakness, says analyst

If Bitcoin follows historical cycles, it could see a short-term rebound in March before entering a correction phase in April and May, according to analyst Benjamin Cowen. The founder of IntoTheCryptoverse noted that BTC typically shows weakness in January and February, rallies in March, and then pulls back in the following two months, DailyHodl reported. He explained that the March rebound often concludes without surpassing the previous all-time high. Cowen suggested that if the price does rise, the $74,000 to $75,000 range could act as significant resistance. He added that the strongest resistance level is currently around $85,000 and that the overall downtrend remains intact.