$BTC Long Setup February 2025 | 4H | BTCUSDT See on Chart,
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BTC Long Setup February 2025 | 4H | BTCUSDT
Recent News: Czech Central Bank Explores Bitcoin Amid Cautions Over Crypto Risks
Analyst Says Bitcoin Could Reach 100K in 1-2 Weeks, Trying to Create New Support. Bitcoin's price has recently bounced from a key support level, located just below the 78.6% retracement, which has been a focal point in the last few days. The price formed a local low and attempted a move to the upside. However, the bullish rally is still in its early stages, and the momentum seems too small to be considered a strong trend just yet.
Currently, Bitcoin has failed to break the previous swing high from February 3rd, which is around $96,700. For the bulls to show strength, a break above this level is essential. While this move up could be a sign of things to come, the price action is not yet strong enough to confirm a substantial low.
Crypto analyst Michael say Bitcoin and Ethereum in the coming weeks. He believes Bitcoin could reach 100K within 1-2 weeks, with the current consolidation phase offering a great entry point for investors. As Bitcoin holds at lower levels, van de Poppe sees it as a chance for a potential breakout.
Market Implications
The price area between
89K and 57K may receive backing from institutional investors and ETFs yet a significant market fall below 57K would signal extended bearish trends. Long-term holders keep 
25K as their essential reference point for the market because previous market bottoms reached this exact value.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance any investment.
BTC Long Setup February 2025 | 4H | BTCUSDTRecent News: Czech Central Bank Explores Bitcoin Amid Cautions Over Crypto Risks
Analyst Says Bitcoin Could Reach 100K in 1-2 Weeks, Trying to Create New Support. Bitcoin's price has recently bounced from a key support level, located just below the 78.6% retracement, which has been a focal point in the last few days. The price formed a local low and attempted a move to the upside. However, the bullish rally is still in its early stages, and the momentum seems too small to be considered a strong trend just yet.
Currently, Bitcoin has failed to break the previous swing high from February 3rd, which is around $96,700. For the bulls to show strength, a break above this level is essential. While this move up could be a sign of things to come, the price action is not yet strong enough to confirm a substantial low.
Crypto analyst Michael say Bitcoin and Ethereum in the coming weeks. He believes Bitcoin could reach 100K within 1-2 weeks, with the current consolidation phase offering a great entry point for investors. As Bitcoin holds at lower levels, van de Poppe sees it as a chance for a potential breakout.
Market Implications
The price area between
89K and 57K may receive backing from institutional investors and ETFs yet a significant market fall below 57K would signal extended bearish trends. Long-term holders keep 25K as their essential reference point for the market because previous market bottoms reached this exact value.Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance any investment.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.