BITCOIN PRIMARY & WEEKLY CYCLES
I've been bearish on Bitcoin, as part of the Primary Bearish cycles, with the expectation that price would continue down into the 2019 lows @1100
I also said that the bottom would occur in March 2019 and then continue higher.
However, it hasn't moved down to 1100, but instead moved sideways as the month of March begins.
Secondary cycles are bearish, however, the 50% level in April will drop and we could see price trading above the 50% level in the 2nd Quarter
Therefore the support levels on BITCOIN in March around 3250-3450 are interesting levels.
It certainly could still continue lower in April, as the 50% level pushes the trend downward, but there's a lot of positive news coming out about Institutional players taking larger stakes in BITCOIN and other Crypto's
Target would be 2019 50% level.