Bitcoin/Cryptos/Stocks Plunge into Early-March But Portend More Weakness.
03/08/25 – “Stock indexes remain on track for overall declines into late-March/early-April as part of a larger setback. That would provide intriguing parallels to 2020 and also to 2008… the previous phase of the 17-Year Cycle. In the interim, they were expected to drop into the first part of March – something they have initially fulfilled. Bonds & Notes peaked in early-March and could see a pullback low before mid-month. The Dollar turned its weekly trend down as the Euro turned its weekly trend up…
Stock Indices have fulfilled 1 – 2 week expectations for a sharp drop from Feb 18/19 – when the S+P 500 & NQ-100 fulfilled their upside objectives & weekly trend targets and signaled a divergent peak – into the opening days of March… when several daily cycles recurred.
While that was/is expected to usher in an initial low, it is not expected to hold for too long. There are still intermediate downside objectives that remain unfulfilled. As a result, there is room for an additional drop in the coming week. That might, however, wait until after a quick bounce.
In either case, the more acute focus is on late-March/early-April ’25 – when a more significant low has been projected to take hold.
A primary factor in all of this involves the critical levels/ranges of support and downside price targets that have been revealed over the past couple months…
The Dollar Index reversed lower to begin the week after bouncing but failing to turn its daily trend up (it twice neutralized its daily downtrend on Feb 27 & 28th). That spurred accelerated selling surrounding the latest round of tariffs and tariff threats… and ultimately reversed the weekly trend down – a lagging/confirming indicator…
The Euro turned its weekly trend up, confirming the January ’25 cycle low and projecting a rally, on balance, into April ’25 – when a ~34-week high-high-high-(high) Cycle Progression recurs…
Bitcoin & Ether fulfilled analysis for sharp sell-offs into early-March with Bitcoin initially dropping right to its 50% retracement level (~79,000) and signaling a bounce. That rebound quickly took hold and saw Bitcoin rally 50% of its decline but quickly level off at that decisive resistance.
March 6/7th was projected to usher in a new wave down, reinforced by the fact Bitcoin repeatedly tested its declining daily 21 Low MAC and never closed above it. That corroborates the outlook for another quick drop into the coming week with Bitcoin still targeting 72,000 – 74,500/ BT in March, before a multi-week low takes hold.”
Bitcoin fulfilled projections for a sharp plunge into early-March but is still expected to attack ~74,500/BT before a multi-month bottom becomes more likely. Bitcoin’s January high was a textbook multi-month peak set in perfect sync with MAJOR upside price targets.
Ether (and other cryptos) peaked in December ’24 and projected similar sharp declines that are accelerating lower. In sync with related stock indexes, this could lead to a final sell-off into early-April ’25 – when powerful cycles bottom in these markets (most notably in stock indexes).
As part of that, Bitcoin is still projected to plunge back to 72,000 – 74,500/BT – where critical 3 – 6 month support aligns. That could coincide with ongoing projections for equity markets to plunge into late-March/early-April ’25 – when a multi-month bottom is most likely. The extent of crypto’s projected plunge should have a powerful impact on future cycle highs – in July & Nov/Dec ’25.
Bitcoin’s cycles peak again in late-July ’25 – the next phase of its uncanny 16-month Cycle Progression that has been repeatedly highlighted over the past couple years. See the November ’24 issue of The Bridge for additional analysis and illustrations of this 16-month cycle and its focus on July 2025… The Bridge – “Currency War: Rock, Paper, Scissors II”
When Will Bitcoin Likely Attack ~74.500/BT (and Bottom)?
How High Could Cryptos Subsequently Climb into July ’25 Cycle High?
What is Current Action Revealing for late-2025/early-2026?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.