Bitcoin (BTC) has experienced significant volatility recently, especially after hitting important support areas. Below is a detailed analysis of the current trend of BTC, appropriate investment timing, accumulation or profit-taking strategies, along with an assessment of potential peaks and bottoms.
Current trend of Bitcoin
As of February 17, 2025, the price of BTC is trading around 96,928 USD. Previously, BTC surpassed the 100,000 USD mark in December 2024, reaching a historic peak of 103,853 USD before correcting below 95,000 USD and then recovering above 100,000 USD. This volatility is largely due to factors such as the approval of spot Bitcoin ETF funds and expectations for cryptocurrency-friendly policies from the administration of President Donald Trump.
Appropriate investment timing
Determining when to invest in BTC needs to be based on technical analysis and important support and resistance levels. Currently, strong support is around 92,000 USD; if the price drops below this level, it may continue to decline to 74,000 USD. Conversely, if the price maintains above 100,000 USD, the upward trend could be reinforced. Therefore, investors should closely monitor these price levels to make informed decisions.
Accumulation or profit-taking strategy
With over 90% of BTC supply currently in profit, some experts are warning about the possibility of the market peaking and recommending that investors consider taking profits to protect gains. However, the long-term outlook for BTC remains positive, with a price forecast of reaching 150,000 USD by 2025. Therefore, a reasonable strategy may be to take partial profits when the price hits important resistance levels and continue holding the remainder for long-term goals.
Potential peaks and bottoms
Based on current analysis, the short-term peak level of BTC could be in the range of 100,000 - 103,000 USD, while the important bottom level to watch is 92,000 USD. Breaking below this support level could lead to deeper declines, while surpassing the resistance level could pave the way for a new upward trend.
Objective assessment
Bitcoin continues to show significant volatility, influenced by macroeconomic factors and policies. Although there is long-term growth potential, investors need to be cautious, closely monitor the market, and carefully consider before making investment decisions. Diversifying the portfolio and managing risk are crucial factors to protect assets in the highly volatile cryptocurrency market.