📊 BTC Update: A Crucial February for Bitcoin!
🔥 Daily Chart Situation: Bitcoin has been in a sideways trend for 3 months.
✔ Resistance: 107,800–104K.
✔ Support: 94,500–92,500.
✔ Psychological Zone: 98,720–100K.
February will be a key month that will determine the trend for the next 3–6 months: either a new HIGH or a deep correction.
🚀 Key Analysis Points:
1. Price Movement in a Sideways Trend:
• The price has been consolidating for a long time between support and the psychological zone.
• After the dump to 89K and subsequent rise, Bitcoin spent a month in the upper part of the sideways trend.
2. Control of Sides:
• Above 104–107K → advantage to bulls.
• Below 104K → control to bears.
3. Point of Control:
• Level ~96,400–96,500. Here, 730,000 BTC was traded – major players are buying the supply.
4. Inverted Hammer on the Chart:
• Closing above 97,777 today will confirm the reversal.
Important Levels:
For Growth:
• By February 14, the price must consolidate above 100K.
• Daily candle closing above 107,800 → growth to 122,500–130K.
For Decrease:
• Consolidation below 94,500–92,500 → decrease to 86,300–81,500.
💵 Buys:
• 94,830–93,260 (moderate).
• 86,300–81,500 and 76,900–75,570 (average).
• 74–72K (increased volume)
📈 Sells:
• 122–130K, 176K, 225K, 335K