As of February 26, 2025, Bitcoin ($BTC ) is showing attempts at stabilization after a recent decline.
Current situation:
Price: $89,128
Maximum for the day: $89,537
Minimum for the day: $86,015
Technical analysis: After breaking the key support level at $90,000, BTC dropped to $86,000, coinciding with the 200-day moving average acting as support. The current consolidation between $86,000 and $90,000 indicates market uncertainty.
Market sentiment: The cryptocurrency fear and greed index has dropped to 25, reflecting 'extreme fear' among investors. This may indicate a potential trend reversal, as such levels often precede an increase.
Trading volumes: Over the last 24 hours, the liquidation volume in the crypto market exceeded $1 billion, indicating high volatility and a possible cleansing of the market from excessive positions.
News background: The recent announcement by U.S. President Donald Trump's administration about increased tariffs on imports from Mexico and Canada has heightened economic uncertainty, negatively impacting risk assets, including cryptocurrencies.
Today's forecast: BTC is expected to continue trading in the range of $86,000–$90,000. A breakout above $90,000 could signal a recovery and a move towards $92,500. However, a drop below $86,000 would open the path to levels of $85,000 and below.
Recommendations for investors:
Short-term traders: Consider entering on a breakout above $90,000 with a target of $92,500, setting a stop-loss below $89,000.
Long-term investors: Assess the possibility of accumulating positions near support levels, considering Bitcoin's fundamental prospects.
It is recommended to closely monitor news and market indicators, as the current volatility requires a cautious approach to investment decisions.
