Critical Levels to Watch for in Bitcoin Price Amid Hot News

CoinMarketCap

22 Feb

Cryptocurrency analytics firm MakroVision has shared an update on Bitcoin’s price action, highlighting another rejection at the key resistance level of $98,600. Bitcoin is currently trading near a key support level of $95,900.

According to the analyst firm, Bitcoin is in a short-term downtrend but continues to display a corrective pattern. A breakout above the recent intermediate highs is needed for the trend to reverse.

Here are the levels to watch, according to the analytics firm:

$95,900: Holding this support level would be a short-term bullish signal.
$91,700: The key support area is aligned with the green trend lines and the liquidity zone. A break here could trigger a drop towards the $87,500-$89,900 range.
$98,600: High liquidity zone, breaking above this level could be critical for any recovery.
$98,600: Recent intermediate high accompanied by high liquidity. A sustained break here is needed for Bitcoin to regain momentum.
$102,000: Strongest current resistance, aligned with the red trendline.

Related News: VanEck Reveals the Total Amount of Bitcoin US States Could Buy - What Will Happen to BTC Price If They All Buy?

*This is not investment advice.

Continue Reading: Critical Levels to Watch for in Bitcoin Price Amid Hot News

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Bitcoin is currently trading near a key...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/67b902f7d6b875340d873b8e/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4601","symbol_name":"加密货币现货ETF","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/67b902f7d6b875340d873b8e/","article_id":"2513245222","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2513245222","pubTimestamp":1740178164,"columns":[],"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Cryptocurrency analytics firm MakroVision has shared an update on Bitcoin’s price action, highlighting another rejection at the key resistance level of $98,600. Bitcoin is currently trading near a key support level of $95,900.According to the analyst firm, Bitcoin is in a short-term downtrend but continues to display a corrective pattern. A breakout above the recent intermediate highs is needed for the trend to reverse.Here are the levels to watch, according to the analytics firm:. $95,900: Holding this support level would be a short-term bullish signal.$91,700: The key support area is aligned with the green trend lines and the liquidity zone. A break here could trigger a drop towards the $87,500-$89,900 range.$98,600: Recent intermediate high accompanied by high liquidity. A sustained break here is needed for Bitcoin to regain momentum.$102,000: Strongest current resistance, aligned with the red trendline.Related News: VanEck Reveals the Total Amount of Bitcoin US States Could Buy - W","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4601":"加密货币现货ETF","IBIT":"iShares Bitcoin Trust","BK4594":"比特币ETF概念","BK4585":"ETF&股票定投概念","BK4588":"碎股"},"translate_title":"热点新闻中比特币价格值得关注的关键水平","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IBIT":1},"content_text":"Cryptocurrency analytics firm MakroVision has shared an update on Bitcoin’s price action, highlighting another rejection at the key resistance level of $98,600. Bitcoin is currently trading near a key support level of $95,900.\nAccording to the analyst firm, Bitcoin is in a short-term downtrend but continues to display a corrective pattern. A breakout above the recent intermediate highs is needed for the trend to reverse.\nHere are the levels to watch, according to the analytics firm:\n\n$95,900: Holding this support level would be a short-term bullish signal.\n$91,700: The key support area is aligned with the green trend lines and the liquidity zone. A break here could trigger a drop towards the $87,500-$89,900 range.\n$98,600: High liquidity zone, breaking above this level could be critical for any recovery.\n$98,600: Recent intermediate high accompanied by high liquidity. A sustained break here is needed for Bitcoin to regain momentum.\n$102,000: Strongest current resistance, aligned with the red trendline.\n\nRelated News: VanEck Reveals the Total Amount of Bitcoin US States Could Buy - What Will Happen to BTC Price If They All Buy?\n*This is not investment advice.\n Continue Reading: Critical Levels to Watch for in Bitcoin Price Amid Hot News","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}