As of February 23, 2025, Bitcoin (BTC) is trading at approximately $96,496.

Recent analyses present a mixed outlook for Bitcoin's long-term trajectory. Cathie Wood, CEO of ARK Investment Management, maintains a bullish stance, suggesting that Bitcoin's consolidation post-$100,000 is a healthy development and anticipates significant future price increases. Similarly, Anthony Scaramucci, head of a leading crypto ETF, predicts Bitcoin could reach $200,000 in 2025, attributing this potential growth to increased institutional adoption and favorable regulatory changes.

Conversely, some indicators suggest caution. On-chain data reveals that long-term Bitcoin holders are distributing their assets heavily, a behavior historically associated with market cycle peaks. Additionally, Bitcoin's recent price weakness, trading between $93,000 and $100,000, raises concerns about the sustainability of the U.S. stock market rally, as such divergences have previously signaled potential instability.
#TradingAnalysis #tradingchart #btcchart

in the previous post, We surrounded the price in a specific area by placing two lines at the bottom and the top, and we said we would wait for how the price would react to the two lines.
This is the #btcchart in the previous post (Follow me to receive updated analysis).

Recently, Bitcoin broke the last bottom and then rose (See the picture below 👇👇)

Is this the end of the decline? Will it continue to rise above the previous peak or will it fall further?
This is what we do not know and what most traders ignore 😡🤔🙄But there is proactive knowledge in order to know where the price is headed.

in this previous post, I said;
.......the price has returned to test it, and I see it as an opportunity to exit if you are stuck in Coins. perhaps we will visit the 68 area and then go down, so be careful in your trading.

So, 👀The 68/69 area is very important in the price shift 👀Watch her !!!

If we reach it, It is the dividing point between going up and down; Perhaps the price will drop from there to reach the 50/53 areas, and If the price break it and remain above it, that means we will rise further.

If you are asking when will we get there? I tell you; Now we are going up to it.

If we reach it, how do you know whether the price will rise or fall after that?
Simple, I can answer you now, but wait when we get to it.