Jakarta, Pintu News – Bitcoin (BTC) price is entering a consolidation phase after a short-term rally subsided, triggering a more selective crypto market entering March. Amid a moving range of around US$60,000-US$70,000 (around Rp1.01-Rp1.18 billion; exchange rate Rp16,852/US$), the rotation of interest seems to have moved from “all up” to hunting for altcoins with specific catalysts. However, some analysts think that the bearish divergence on the weekly timeframe means that the risk of further declines has not completely disappeared.
Bitcoin (BTC) movement is currently trending flat in a consolidation range, after the price had heated up on the low timeframe and swept the nearby liquidity area. This makes the short-term momentum look stable, but not strong enough to change the larger trend structure.
Bearish divergence on the weekly chart is often interpreted as an indication that the multi-month downward pressure is not really over. In this context, a small rally in the cryptocurrency market could quickly fade if liquidity thins or global risk sentiment weakens.
The pattern is also reflected in major altcoins such as Ethereum (ETH), Ripple (XRP), Solana (SOL), and Chainlink (LINK) which are moving non-uniformly. Some assets are just technical bounces, while others are holding resistance as market participants wait for confirmation of BTC’s direction.
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On the winning side, Near Protocol (NEAR) is said to be printing more solid gains after a period of weakness, signaling selective buying interest. Aptos (APT) was also reported to have surged around 30% in a few sessions, making it a magnet for traders looking for measured volatility.
Injective (INJ) stood out after completing a “wick fill” that many technical analysts are monitoring as a sign of price structure tidying. Meanwhile, Polkadot (DOT) moved up, although some observers still question the durability of the rally if BTC weakens again.
This combination of gains illustrates that altcoin liquidity has not disappeared, but is centered on certain names that are considered to have clearer technical setups. In BTC’s consolidation phase, the market tends to test altcoin rallies through quick corrections to see if buyers persist.
If the gains hold without volume collapsing, a continued rally could form even if BTC remains sideways. However, if BTC loses range support, newly rising altcoins are usually prone to sharp retracements due to their more risk-off sensitive nature.
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Analysts are warning of potential downside in several large and mid-cap altcoins throughout March, especially if sentiment weakens and technical breakdowns continue. Zebec Network (ZBC) is one of those highlighted due to breakdown patterns (e.g. triangles) that are technically often followed by a continuation of the downtrend.
Stellar (XLM) is even said to be at risk of testing the US$0.10 area (around Rp1,685) if the selling pressure continues. For Ripple (XRP), the assessment remains cautious as liquidity and price structure are not considered to support a stable recovery despite ecosystem updates.
Similar risks are directed towards Solana (SOL) with a potential drop towards US$50 (approx. IDR842,600) if resistance holds and global risk appetite declines. Sui (SUI) is also on the list due to a projected target near US$0.53 (approx. IDR8,932) based on the Fibonacci approach often used to map retracement/extension areas.
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.
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