🚨 Market Update: Bitcoin Tests Critical Support Amid Economic Uncertainty 🚨
As of February 27, 2025, Bitcoin ($BTC ) is trading at $86,139, reflecting a 3.4% decline from the previous close.
Key Levels to Watch:
• Support: Immediate support is at $80,400, aligning with the 200-day moving average. A breach could see a decline toward $74,000. 
• Resistance: Overhead resistance is at $98,500; surpassing this may target $106,000. 
Market Influencers:
• Economic Policies: Recent tariffs imposed by the Trump administration have heightened inflation concerns, impacting investor sentiment. 
• Regulatory Developments: Failed state-level Bitcoin reserve proposals in Montana, North Dakota, and Wyoming underscore political challenges. 
Investor Sentiment:
The recent downturn serves as a “reality check” for investors, emphasizing the need for caution amid macroeconomic uncertainties. 
Stay informed and exercise prudent risk management in this volatile environment.
