#loom Eyes on Loom$ | Asghar Abbass on Binance Square

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Will BTC hit again all time high here is my technical analysis $BTC As of February 14, 2025, Bitcoin (BTC) is trading at approximately $96,798. Bitcoin reached its all-time high of $109,464.94 on January 20, 2025. Given the current price, BTC would need to appreciate by about 13% to surpass its previous peak within this month. Technical Analysis: 1. Current Trend: • BTC is exhibiting a horizontal trend in the short term, indicating investor uncertainty. A breakout above the current range could signal a bullish move, while a breakdown might suggest further declines. 2. Support and Resistance Levels: • Support: Key support levels are identified at $92,000, $87,000, and $74,000. • Resistance: Significant resistance levels are at $100,000 and $106,000. 3. Moving Averages: • The 50-day moving average is currently below the price, suggesting potential support. However, a decline below this average could indicate bearish momentum. 4. Relative Strength Index (RSI): • The RSI has dropped below the 50 threshold, indicating weakening momentum. A further decline could signal increased selling pressure. 5. Volume Analysis: • Recent trading volumes have been low during price peaks and high during troughs, which may weaken the currency and increase the chance of a breakdown. Conclusion: While Bitcoin has the potential to retest its all-time high, it faces significant resistance levels that must be overcome. The current technical indicators suggest a cautious outlook. A decisive move above the $100,000 resistance, accompanied by increased volume and positive momentum indicators, would strengthen the case for a new all-time high within this month.

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Will BTC again hit all time high As of February 14, 2025, Bitcoin (BTC) is trading at approximately $96,798. Bitcoin reached its all-time high of $109,464.94 on January 20, 2025. Given the current price, BTC would need to appreciate by about 13% to surpass its previous peak within this month. Technical Analysis: 1. Current Trend: • BTC is exhibiting a horizontal trend in the short term, indicating investor uncertainty. A breakout above the current range could signal a bullish move, while a breakdown might suggest further declines. 2. Support and Resistance Levels: • Support: Key support levels are identified at $92,000, $87,000, and $74,000. • Resistance: Significant resistance levels are at $100,000 and $106,000. 3. Moving Averages: • The 50-day moving average is currently below the price, suggesting potential support. However, a decline below this average could indicate bearish momentum. 4. Relative Strength Index (RSI): • The RSI has dropped below the 50 threshold, indicating weakening momentum. A further decline could signal increased selling pressure. 5. Volume Analysis: • Recent trading volumes have been low during price peaks and high during troughs, which may weaken the currency and increase the chance of a breakdown. Conclusion: While Bitcoin has the potential to retest its all-time high, it faces significant resistance levels that must be overcome. The current technical indicators suggest a cautious outlook. A decisive move above the $100,000 resistance, accompanied by increased volume and positive momentum indicators, would strengthen the case for a new all-time high within this month.$BTC

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#LAYEROnBinance As of February 12, 2025, Bitcoin (BTC) is trading at approximately $96,370 against Tether (USDT), reflecting a 1.86% decrease from the previous close. Technical Analysis for the Upcoming Weekend (February 15-16, 2025): 1. Support and Resistance Levels: • Support: Key support levels to monitor are $92,000, $87,000, and $74,000. A decline below these levels could signal further bearish momentum. • Resistance: Immediate resistance is observed at $106,000. A break above this level may indicate a resumption of the uptrend. 2. Moving Averages: • 50-Day SMA: Projected to reach $109,179 by March 6, 2025, suggesting potential upward movement in the near term. • 200-Day SMA: Expected to rise to $85,621 by the same date, indicating a longer-term bullish trend. 3. Relative Strength Index (RSI): • Currently at 51.33, placing it in a neutral zone. Values above 70 indicate overbought conditions, while below 30 suggest oversold. 4. Chart Patterns: • Recent formations, such as a shooting star and a bearish engulfing pattern, suggest potential bearish reversals. Conclusion: Bitcoin is currently navigating a consolidation phase, with critical support at $92,000 and resistance at $106,000. The neutral RSI and anticipated upward movement in moving averages suggest potential for bullish momentum, provided the price maintains above key support levels. Traders should monitor these levels closely, as a breach could indicate significant directional moves. Please note that cryptocurrency markets are highly volatile. This analysis is based on available data as of February 12, 2025, and should not be considered financial advice. Always conduct thorough research before making investment decisions.$BTC

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As of February 12, 2025, Bitcoin (BTC) is trading at approximately $96,370 against Tether (USDT), reflecting a 1.86% decrease from the previous close. Technical Analysis for the Upcoming Weekend (February 15-16, 2025): 1. Support and Resistance Levels: • Support: Key support levels to monitor are $92,000, $87,000, and $74,000. A decline below these levels could signal further bearish momentum. • Resistance: Immediate resistance is observed at $106,000. A break above this level may indicate a resumption of the uptrend. 2. Moving Averages: • 50-Day SMA: Projected to reach $109,179 by March 6, 2025, suggesting potential upward movement in the near term. • 200-Day SMA: Expected to rise to $85,621 by the same date, indicating a longer-term bullish trend. 3. Relative Strength Index (RSI): • Currently at 51.33, placing it in a neutral zone. Values above 70 indicate overbought conditions, while below 30 suggest oversold. 4. Chart Patterns: • Recent formations, such as a shooting star and a bearish engulfing pattern, suggest potential bearish reversals. Conclusion: Bitcoin is currently navigating a consolidation phase, with critical support at $92,000 and resistance at $106,000. The neutral RSI and anticipated upward movement in moving averages suggest potential for bullish momentum, provided the price maintains above key support levels. Traders should monitor these levels closely, as a breach could indicate significant directional moves. Please note that cryptocurrency markets are $BTC highly volatile. This analysis is based on available data as of February 12, 2025, and should not be considered financial advice. Always conduct thorough research before making investment decisions.

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