Red Monday, Green Week? Bitcoin Needs To Reclaim This Level For Trend Continuation – Analyst

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The analyst asserted that the cryptocurrency needs to reclaim and close February above $96,700 "to confirm the breakout & set itself up for trend continuation over time.” He added that BTC has traded around this key level throughout the majority of February, and continuing to hold it would indicate a "successful post-breakout retest.” Related Reading: Dogecoin Activity Levels Crash To 4-Month Lows, Does This Spell Doom For The Meme Coin?

Amid its recent performance, Altcoin Sherpa pointed out that, excluding February 18, Bitcoin has not closed below its daily support zone in over a month, signaling that BTC needs to close above $95,700 to continue holding this crucial level.

Rekt Capital concluded that BTC’s daily close "isn’t as important as the higher timeframe signal” as the bull flag bottom continues to hold as support "and the three-month trend of a Higher Low at the downside wicks still exists.” At the time of writing, BTC trades at $94,165, a 2.1% decrease in the daily timeframe.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: United KingdomNorth Korea

Topics: Crypto Bull Run 2025 Bitcoin Bitcoin Bull Flag Btc Bybit hack Bitcoin breakout Crypto trader BTCUSDT Bitcoin Crypto exchange bybit Crypto analyst Crypto market correction

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-25 @ 06:00:28 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 484 words

Reading Time: 3 minutes read

Sentences: 76 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 26424761

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