Will Bitcoin Crash Again to New Lows? (the chart pattern is a clue)
1 extracted signal · 1 resolved · 0 still active
Alessio Rastani08 Mar 2026, 07:11 UTC
AI-generated source summary
Bitcoin has experienced a significant decline, reaching a low of approximately $60,000 in February. Following this, a corrective bounce has occurred, forming a three-wave pattern (A-B-C) that has not yet broken through resistance levels. The fear and greed index, which was previously at extreme fear (5), has shown a slight recovery, reaching 22. However, the current bounce pattern is identified as corrective rather than impulsive. There is a lack of positive divergence on the MACD indicator, which typically signals a meaningful bottom. The analysis suggests that a true bottom confirmation would require the price to form a five-wave impulsive rally and break above resistance. Without this confirmation, the probability remains higher for Bitcoin to retest previous lows or even establish new lower lows, potentially targeting below the $60,000 mark. The current rally is interpreted as a temporary retracement within a larger downtrend. The recent fear and greed index movement from 5 to 22 indicates a shift from extreme fear to a less fearful state, but this alone is not sufficient to confirm a long-term bottom. The key will be whether subsequent price action breaks resistance and forms a more sustained upward trend, or if it fails to do so and resumes its bearish trajectory.
AI-generated summary based on the source content.
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Signals in this source
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Alessio Rastani
Tahlil Plus independently records and evaluates public market predictions. Extraction may be AI-assisted and results follow the Tahlil Plus methodology. This information is not financial advice.