Welcome to the Cointelegraph Markets weekly newsletter, where we look at the influential factors behind Bitcoin price action for the days ahead. BTC price analysts are gearing up for the second monthly close of 2023, and after the weekly delivered a solid bullish message, hopes for March remain high. Despite facing hurdles, Bitcoin has managed to preserve its year-to-date gains through February and, at the time of writing, is still marginally higher than its monthly starting position. How will the coming week pan out? Opinions are as varied as ever, and with an absence of major macroeconomic data releases, cues may need to come from elsewhere. The situation is somewhat precarious when it comes to sentiment, with last week seeing 2023's first net losses from sellers despite only modest price decreases. At the same time, hodlers continue to increase BTC exposure — albeit, in the absence of whales. Cointelegraph takes a look at these factors and more as February 2023 draws to an end and Bitcoin lines up a major reckoning with its bear market downtrend. Continue reading to discover five things worth considering in the coming week of BTC price action.
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