Can Bitcoin reach $25K again in March 2023? Watch Market Talks live

Published at: March 2, 2023

In this week’s episode of Market Talks, Cointelegraph welcomes Adrian Zduńczyk, or as he is known on Twitter, CryptoBirb. He is the founder and CEO of The Birb Nest, a trading community platform. He is also a chartered market technician, chemical engineer, entrepreneur, mentor and influencer with over 655,000 followers on Twitter.

We start things off with a simple question: What is Zduńczyk’s general approach or set of procedures that he goes through when he begins to connect with the markets in the mornings? How does he begin to decide if he should trade on any given day or stay away altogether? What are some comprehensive metrics that he looks at to gauge the overall market direction and sentiment, especially when studying altcoins? 

There was a lot of excitement at the start of 2023 with Bitcoin (BTC) finally breaking out of its sideways action and making a move toward the upside. Now that things have settled down a bit and the price of Bitcoin is lingering around the $23,000 range, we ask Zduńczyk how he feels about the market and if there are any coins that stand out to him during this time.

The next Bitcoin halving is still about a year and a month away, yet people are already starting to talk about it and formulate strategies for it. We get Zduńczyk’s insights into how he thinks this cycle might be developing.

It’s already March, and it seems that Zduńczyk thinks that it might not be as kind as February was for Bitcoin — we ask him for his reasoning behind this claim. Bitcoin seems to be touching the $25,000 mark and coming back down to hover around $23,000. What needs to happen for Bitcoin to flip $25,000 to support and move past it?

We cover all this and more, so make sure to stay tuned until the end because Cointelegraph Markets & Research will also be taking your questions and comments throughout the show, so be sure to have them ready to go.

Market Talks streams live every Thursday at 12:00 pm ET (5:00 pm UTC). Each week, it features interviews with some of the most influential and inspiring people from the crypto and blockchain industry. So, head on over to Cointelegraph Markets & Research’s YouTube page and smash those Like and Subscribe buttons for all our future videos and updates.

Tags
Related Posts
What else is moving as Bitcoin price inches toward a new ATH?
Bitcoin (BTC) is hot and clearly in the hands of bulls. Yes, eventually an exchange-traded fund (ETF) is coming and after that a $100,000, no $120,000, scratch that, $150,000 BTC price will be on the board. Blah, blah, blah. Anyone logging onto crypto Twitter is going to be bombarded with all this bullish drivel straight from the jump and that's great, we’re all happy Bitcoin is doing well. I've been a holder since early 2016 so of course, I’m happy. But, isn’t there more to crypto than just Bitcoin? Aren’t there other assets that are moving? Wouldn’t it be nice …
Bitcoin / Oct. 14, 2021
Analysts say this key metric suggests an altcoin season is at hand
Bitcoin’s (BTC) 65% recovery from sub-$29,500 on July 20 to a swing high of $48,200 on Aug. 14 took less than a month and helped bring fresh bullish momentum back to the crypto market and to traders who were dreading the prospect of another prolonged bear market. Currently, the BTC rally has stalled out near the $46,000 price level, and this phase of sideways trading is giving altcoins an opportunity to step forward. As shown in the chart below, the total market capitalization of the altcoin market has risen 80% since July 20. Meanwhile, the Bitcoin dominance rate is down …
Nft / Aug. 17, 2021
Why Bitcoin's next breakout may not be an altcoin season signal
On April 14, Bitcoin (BTC) reached a $64,900 all-time high after accumulating 124.5% gains in 2021. However, a 27.5% correction followed over the next eleven days, marking a $47,000 local bottom. The popular Crypto Fear and Greed Index reached its lowest level in 12 months on April 25, signaling that investors were closer to "extreme fear," which was a complete reversal from the "extreme greed" level seen during the Bitcoin rally above $60,000. This downward move from April 14 to 25 wiped out $200 billion from the altcoin market capitalization. Still, the recovery that followed could serve as a guide …
Bitcoin / June 5, 2021
Ethereum, altcoins risk more downside than Bitcoin if BTC losses $30K, warns analyst
Altcoin traders and investors should look for cover if Bitcoin (BTC) undergoes major price declines. So believes Filbfilb, an independent market analyst and co-founder of Decentrader trading suite. In a tweet published late Friday, the pseudonymous entity said a 30% crash in the Bitcoin market could prompt altcoins to drop twice as harder. When Bitcoin consolidated between $50,000 and $60,000 in the March-May period, altcoins exploded. Similarly, the recent correction in the Bitcoin market, which witnessed the flagship cryptocurrency falling from circa $65,000 to as low as $28,000, also had altcoins crash; still, to the levels, they held as support …
Bitcoin / June 26, 2021
Bitcoin Cash is on the brink of falling below 1% of Bitcoin’s price
Bitcoin Cash (BCH) holders have no reason to celebrate, despite the 46% year-to-date gains in U.S. dollar terms. One year ago, the altcoin was the third-largest by market capitalization. It now risks dropping out of the top 10, having been surpassed by other cryptocurrencies including Litecoin (LTC) and Chainlink's LINK. After three years of continuous devaluation, BCH finally traded below 0.01 Bitcoin (BTC) on Feb. 22. Besides being psychological support, it marks a 96.5% devaluation from its highest close of 0.285 BTC on Aug. 2, 2017. Even though both cryptocurrencies' combined hash rate was somewhat comparable at the time, it …
Bitcoin / Feb. 25, 2021