Analysis $BTC 02/19/2025
#BTC, we have been spending practically the entire month of February in this price range between $93K/$98K, unbelievable such a small oscillation, but so exhausting.
Yesterday we went to the green band on the chart and as expected we quickly bounced from there and recovered the gray band on the chart, it looks good, and we should have a good close in this current 4h candle.
Notice that we are again being blocked by the EMA 50 (4), it has been acting as a fierce resistance for some time, we need to break it and form some decent support AT LEAST IN THE BLUE BANDER just above the current price, and then we will finally attack $105K.
Just as the BULLS cannot break through to $105K, the BEARS cannot break through to $89K, so let's not make it look like it is being a disaster for the BULLS.
Everything is pretty much the same as every other day, and there's not much more to add here...
I have a feeling that everything is about to shoot up, there's a lot of movement behind the scenes and things seem to be heating up, let's see how we close out this week.
Keep it simple here:
If we can close today above this gray band, then tomorrow we can still attack $98K and go to at least $101K this week.
If we don't close above the gray band, then AGAIN a run to the green band and ONCE AGAIN WE WILL HAVE SUPPORT there and we'll go back up, that's the bottom.
I'm particularly interested in the opening of the charts in the time zone of our Asian friends, they can give us a GOOD EDGE for tomorrow.
We can still have a good end to the WEEK, we have 2 days left. Send this!
$105K soon!
(In October 2023 we had few bulls calling up, and we won there, this is not the top and if you think you are done here, you will be surprised).
#BTC, we have been spending practically the entire month of February in this price range between $93K/$98K, unbelievable such a small oscillation, but so exhausting.
Yesterday we went to the green band on the chart and as expected we quickly bounced from there and recovered the gray band on the chart, it looks good, and we should have a good close in this current 4h candle.
Notice that we are again being blocked by the EMA 50 (4), it has been acting as a fierce resistance for some time, we need to break it and form some decent support AT LEAST IN THE BLUE BANDER just above the current price, and then we will finally attack $105K.
Just as the BULLS cannot break through to $105K, the BEARS cannot break through to $89K, so let's not make it look like it is being a disaster for the BULLS.
Everything is pretty much the same as every other day, and there's not much more to add here...
I have a feeling that everything is about to shoot up, there's a lot of movement behind the scenes and things seem to be heating up, let's see how we close out this week.
Keep it simple here:
If we can close today above this gray band, then tomorrow we can still attack $98K and go to at least $101K this week.
If we don't close above the gray band, then AGAIN a run to the green band and ONCE AGAIN WE WILL HAVE SUPPORT there and we'll go back up, that's the bottom.
I'm particularly interested in the opening of the charts in the time zone of our Asian friends, they can give us a GOOD EDGE for tomorrow.
We can still have a good end to the WEEK, we have 2 days left. Send this!
$105K soon!
(In October 2023 we had few bulls calling up, and we won there, this is not the top and if you think you are done here, you will be surprised).
