Bitcoin’s ( BTC ) price action remains volatile as it swiftly recovered to $89,000 after plunging to $82,000, rebounding from a sell-off sparked by Donald Trump’s announcement of 25% tariffs on U.S. imports from Canada and Mexico. Despite lingering bearish sentiment, the broader trend remains bullish . According to an analysis by TradingShot, Bitcoin is expected to consolidate sideways throughout March, attempting to establish a firm bottom before making a decisive move. Historical price trends suggest that a potential breakout could unfold within a month. “As a result and based on all the above conditions, it is possible to see Bitcoin consolidate sideways in an attempt to cement the bottom for the majority of March. A break above the 1D MA50 either then or earlier, would be a technical bullish break-out confirmation.” Technical analysis: Bitcoin faces resistance at 1D MA50 Bitcoin’s latest rebound highlights buying activity at critical support levels, though it continues to face resistance at the 50-day moving average (1D MA50) near $99,000, which has rejected multiple breakout attempts throughout February. Bitcoin price analysis chart. Source: TradingShot/TradingView Historical trends indicate that Bitcoin could remain range-bound for another month before making a decisive move, much like the August 2023 pattern, where Bitcoin took nearly four weeks to break past resistance following an oversold Relative Strength Index ( RSI ). A break above the 1D MA50 would be a strong bullish confirmation, signaling the start of a rally. If BTC follows previous market cycles, such a breakout could push its price toward $160,000. Bitcoin’s market structure signals a pullback phase While technical indicators suggest Bitcoin is in a bottoming phase, on-chain data provides further insight into shifting market dynamics. According to CryptoQuant analysts, as Bitcoin reached its all-time high (ATH), market data showed a shift in supply dynamics, with short-term holders (STH) increasing their holdings while long-term holders (LTH) gradually selling their holdings. Historically, a decline in LTH supply has coincided with market tops, as long-term investors take profits while STH absorbs selling pressure, leading to overheated market conditions. CryptoQuant’s analysis noted that Bitcoin is in a pullback phase following its ATH, with the market likely to continue consolidating due to liquidity constraints. Short-term rallies may face resistance until BTC establishes a new accumulation phase. This transition would signal that long positions are becoming viable once more. Until LTH accumulation resumes, analysts caution that Bitcoin may face continued resistance, delaying a breakout. Bitcoin price analysis At press time, Bitcoin is trading at $89,661, posting a 6% gain in the past 24 hours and a modest 1% increase on the weekly chart. BTC one-day price chart. Source: Finbold That being said, Bitcoin’s recent rebound indicates strong buying interest at lower levels, but its ability to break through the key resistance at $99,000 remains the critical factor in determining the next phase of its trend. Featured image via Shutterstock The post Bitcoin’s bottom and bullish breakout is just a month away, according to analyst appeared first on Finbold .