BitcoinShort
this buy zone
As of February 23, 2025, Bitcoin (BTC) is trading at $96,344, reflecting a slight decrease of 0.198% from the previous close.
Recent market movements have been influenced by geopolitical events, notably the imposition of U.S. tariffs on imports from Canada, Mexico, and China. These actions have raised investor concerns about potential inflationary pressures, which could impact non-interest-bearing assets like Bitcoin.
INVESTOPEDIA.COM
From a technical perspective, Bitcoin's price action suggests the formation of a double top pattern between December 2024 and January 2025, indicating a possible bearish reversal. Key support levels to monitor are $92,000, $87,000, and $74,000. Conversely, a decisive move above the $106,000 resistance level could invalidate the bearish pattern and signal a continuation of the uptrend.
INVESTOPEDIA.COM
For a comprehensive technical analysis, traders can refer to TradingView's BTCUSD technicals, which provide real-time insights based on popular indicators such as Moving Averages, Oscillators, and Pivots.
Given the current market volatility, it's advisable to stay informed about global economic developments and employ risk management strategies in your trading approach.
Recent market movements have been influenced by geopolitical events, notably the imposition of U.S. tariffs on imports from Canada, Mexico, and China. These actions have raised investor concerns about potential inflationary pressures, which could impact non-interest-bearing assets like Bitcoin.
INVESTOPEDIA.COM
From a technical perspective, Bitcoin's price action suggests the formation of a double top pattern between December 2024 and January 2025, indicating a possible bearish reversal. Key support levels to monitor are $92,000, $87,000, and $74,000. Conversely, a decisive move above the $106,000 resistance level could invalidate the bearish pattern and signal a continuation of the uptrend.
INVESTOPEDIA.COM
For a comprehensive technical analysis, traders can refer to TradingView's BTCUSD technicals, which provide real-time insights based on popular indicators such as Moving Averages, Oscillators, and Pivots.
Given the current market volatility, it's advisable to stay informed about global economic developments and employ risk management strategies in your trading approach.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.