#CryptoRegulation Price analysis of February 19: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, LINK, XLM, LTC

Bitcoin remains stuck within the range, with no clear signs of the direction of a potential breakout.

On February 9, Bitcoin

BTC 93,250 €

briefly rose above $96,500, but the overall daily price action has been more of the same, with a sideways range, as traders await a catalyst to begin a trend movement. The longer the price remains in a range, the stronger the eventual breakout or drop from it will be.

The CEO of CryptoQuant, Ki Young Ju, said in a post on X that Bitcoin would remain in a bullish phase even with a 30% drop to $77,000, according to historical cyclical patterns. In a separate post on the “Quicktake” blog, CryptoQuant contributor analyst Timo Oinonen said that a sharp correction in Bitcoin “could be several months or even a year away.”