Bitcoin Market Update – February 20, 2025
Current Active Levels:
- Supply Zone: $98,000 - $99,500
- Demand Zone: $95,000 (mid-range)
- Major Demand Zone: $94,000 - $92,500
📊 Market Overview & Direction:
Bitcoin has been consolidating within a well-defined (accumulation zone) between $94,000 and $98,000.- On the (4-hour timeframe), BTC formed a (bullish inverse Head & Shoulders pattern) inside the support zone. The breakout from this pattern has led to a sharp upside move, pushing the price closer to the ($98,000 - $99,500 supply zone).
- The (daily timeframe still confirms a (range-bound phase), with ($94,000 - $92,500) acting as a key accumulation area, while ($98,000 - $99,000) remains a resistance zone.
Until BTC (breaks above $99,500) or (drops below $92,500), we expect continued consolidation between these levels.
