$BTC
Bitcoin (BTC) technical analysis is showing positive signs, with the overall trend being bullish. Technical indicators show that 89.29% of moving average signals support the upside, reflecting the strength of the positive momentum in the short term.
For candles, the charts show a bullish pattern, with candles consisting of long bodies and short shadows, indicating strong buying pressure and a continuation of the uptrend.
In terms of news, Bitcoin ETFs saw net outflows of around $500 million in the three days leading up to February 20, raising questions about the change in investor sentiment towards these digital assets.
As for current prices, Bitcoin is trading at $99,126, up 1.43% from the previous close.
Based on these indicators, the Bitcoin market is showing strong bullish momentum, indicating that the upward trend is likely to continue in the near future.
