Bitcoin Price Analysis
1. Market Structure & Trend
The chart indicates a descending trendline, signaling a bearish market structure.
Price action is approaching a major support zone (~$86,000 - $88,000), highlighted in green.
The latest sharp drop suggests high selling pressure, but the support zone could act as a demand area where buyers may step in.
2. Key Support & Resistance Levels
Support Zone: $86,000 - $88,000 (green area).
Immediate Resistance: $90,000 - $92,000 (descending trendline).
Breakout Target: $96,000+ if Bitcoin breaks the trendline.
Read more: oxifinance.com/2025/02/bitcoin-price-analysis-key-support-at.html
1. Market Structure & Trend
The chart indicates a descending trendline, signaling a bearish market structure.
Price action is approaching a major support zone (~$86,000 - $88,000), highlighted in green.
The latest sharp drop suggests high selling pressure, but the support zone could act as a demand area where buyers may step in.
2. Key Support & Resistance Levels
Support Zone: $86,000 - $88,000 (green area).
Immediate Resistance: $90,000 - $92,000 (descending trendline).
Breakout Target: $96,000+ if Bitcoin breaks the trendline.
Read more: oxifinance.com/2025/02/bitcoin-price-analysis-key-support-at.html
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.