Bitcoin in 2025: Boom or Bust? Expert Analysis & Predictions | by BTC Globe | The Capital | Feb, 2025
Latest Price: The price of Bitcoin is hovering around 96,136.04 USDT, as depicted in the image. (Scroll down to the end to see image)
- Support and Resistance:
- Support Levels: Significant supports can be seen around 84,000.00 USDT, as well as 80,000.00 USDT.
- Resistance Levels: 100,000.00 USDT poses immediate resistance, while 104,318.42 USDT and 108,000.00 USDT are at much higher points of resistance.
- Current Trend: Bitcoin is trading above critical support levels and has recently gained momentum; therefore, the chart depicts an optimistic movement.
- The chart highlights weekly candles, which provide useful information on price action over a longer period of time.
- Recent candles indicate bullish momentum, with Bitcoin breaking previous resistance levels.
- This indicates that if the next weekly candle closes above 100,000.00 USDT, a strong bullish continuation would become very likely.
- The image mentions that price has increased by 1.33%, which indicates that there has been a good change in momentum.
- Volume data but not expressly shown would be vital in assessing the health of the trend. Reliability in the trend is…
