📊 Bitcoin Morning Review $BTC – February 5, 2025
🔹 Current Price: $97,720
🔹 Range: $96,106 – $99,124
🔹 Volume: 13.58B
🧐 Market Analysis and Possible Scenarios
On the chart, we see that BTC has formed a descending wedge (blue), which is a potentially bullish formation.
✅ Scenario#1(Long 🚀 – yellow line)
Consolidation above 98,000
Breakthrough to 102,000
Further growth
❌ Scenario#2(Short 🔻 – red line)
BTC does not hold above 98,000
Correction to 95,000
Only after that is a reversal possible
📉 Indicators:
RSI – approaching the oversold zone → possible rebound
Volumes – it is worth monitoring their growth upon breakdown
🎯 Conclusion:
Bitcoin is at a crossroads – the key level of 98,000 will determine the further direction. We are monitoring and reacting to the breakdown.
⚠️ This is not financial advice. Analyze the market and manage risks!
📢 Write in the comments which scenario seems more likely!
