It will be very interesting to see which predictions were right.

“We have seen a lot of technical damage since March 6,” said Robert Sluymer, technical strategist at Fundstrat. Sluymer added that the failure to take out the important $11,750 level has worsened the short-term technical view. However, they see the February low of $5,922 as a major low, meaning it will be tough to breach.

A slew of negative news has seen the price of digital assets come under immense pressure over the past two weeks. Bitcoin fell ten percent on Wednesday, March 14 marking its eighth consecutive losing day out of the last ten. “March is typically the worst month for bitcoin, rising one of last seven years,” they wrote in sharing the following chart.

I guess, this was a clear message for bulls. 🚀