Analysis $BTC 02/21/2025
#BTC, unbelievable this week lol, both sides were fooled this week, the BEARS when it reached $93,300 and today the bulls at $99,500, this price action is truly unbelievable.
Of course, today we had this whole Bybit Hack situation and it ended up generating fear and despair in people, which made it easier for the BEARS to throw the price into this gray range again.
However, notice here that despite the news of the Hack having been widely debated on the networks, BTC still maintained the price above $95K, which shows strength, so the BEARS will start thinking about withdrawing their orders around $102K soon.
We are still above the EMA 100 (1D) and notice that it is heading towards the gray band where the price is currently, which will force the price to try a new jump to $98K. We have been in this range for 16 days now, but it is too small to drag on for much longer, so I hope we have a new jump soon and can go to $105K for good.
Today's events were unpredictable, but anyway... nothing has changed and our direction is UP.
I was really surprised and OPTIMISTIC with the performance of #altcoin which, even with all this CHAOS, still held the prices well, demonstrating strength and who knows, a recovery over the weekend above the fall.
There is not much to say today, so I came here to leave these observations and demonstrate some genuine optimism.
Keep it simple here:
...The green region on the chart is support until it isn't, and this gray band is where the price needs to start showing some support to get back above $98K and AGAIN attempt an attack on $101K.
Notice here that we were late in reaching $101K this week, even though we came very close, but that's understandable given what happened today.
$105K soon!
#BTC, unbelievable this week lol, both sides were fooled this week, the BEARS when it reached $93,300 and today the bulls at $99,500, this price action is truly unbelievable.
Of course, today we had this whole Bybit Hack situation and it ended up generating fear and despair in people, which made it easier for the BEARS to throw the price into this gray range again.
However, notice here that despite the news of the Hack having been widely debated on the networks, BTC still maintained the price above $95K, which shows strength, so the BEARS will start thinking about withdrawing their orders around $102K soon.
We are still above the EMA 100 (1D) and notice that it is heading towards the gray band where the price is currently, which will force the price to try a new jump to $98K. We have been in this range for 16 days now, but it is too small to drag on for much longer, so I hope we have a new jump soon and can go to $105K for good.
Today's events were unpredictable, but anyway... nothing has changed and our direction is UP.
I was really surprised and OPTIMISTIC with the performance of #altcoin which, even with all this CHAOS, still held the prices well, demonstrating strength and who knows, a recovery over the weekend above the fall.
There is not much to say today, so I came here to leave these observations and demonstrate some genuine optimism.
Keep it simple here:
...The green region on the chart is support until it isn't, and this gray band is where the price needs to start showing some support to get back above $98K and AGAIN attempt an attack on $101K.
Notice here that we were late in reaching $101K this week, even though we came very close, but that's understandable given what happened today.
$105K soon!
