Bitcoin (BTC) price plunges, here’s a technical analysis and investor strategy for February 2025

Di-update

February 27, 2025

Gambar Bitcoin (BTC) price plunges, here’s a technical analysis and investor strategy for February 2025

Jakarta, Pintu News – In recent days, the price of Bitcoin has experienced a sharp decline, breaking the critical support limit of $90,000. Now, crypto investors and analysts are questioning whether this is just the beginning of a further decline or if there is hope for a recovery. This situation has raised concerns among Bitcoin (BTC) holders about the potential for deeper losses in the near future.

Bitcoin (BTC) Price Drop

Bitcoin (BTC) price failed to stay above the $95,500 level and experienced a sharp decline. In a short period of time, the price broke the support at $93,200 and $92,200, and even touched the $86,000 zone. Currently, Bitcoin (BTC) is trying to consolidate above $88,500, but is still below the 100-hour simple moving average.

Immediate resistance is seen at $89,000, with a short-term triangle formation possibly dictating the next direction. The price is currently facing critical resistances at $90,000 and $91,250. If Bitcoin (BTC) manages to break these resistances, there is potential for a return to the $93,500 level or even higher. However, failure to cross these resistance zones could trigger further declines.

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Potential for Continued Decline

If Bitcoin (BTC) is unable to break the $90,000 resistance zone, there is a possibility that the price will drop again. Immediate support is seen at $88,000, with the next major support at $87,250. A drop below this could take Bitcoin (BTC) to the $86,000 zone, and if the negative trend continues, the price could reach $85,000 in the near future.

Technical indicators are currently showing negative signals, with MACD losing momentum in the bearish zone and RSI below the 50 level. This suggests that selling pressure is still quite strong, and Bitcoin (BTC) may face more challenges to recover value in the market.

Investor Analysis and Strategy

In the current market conditions, investors and traders need to be extremely cautious. Monitoring key support and resistance levels and technical indicators can help in making informed investment decisions. In addition, paying attention to global news and developments that may affect the crypto market is also important to minimize risks and optimize potential profits.

Possible strategies include setting loss limits to avoid large losses and considering buying at strong support points if there are signs of recovery. Portfolio diversification can also be a wise move amidst the current market uncertainty.

Conclusion

The current state of the Bitcoin (BTC) market shows that high volatility is still part of the crypto market dynamics. Investors need to prepare themselves for possible further price fluctuations and utilize technical analysis tools for proper market navigation. Investment decisions should be based on thorough analysis and a good understanding of the risks involved.

Also Read: Uniswap Successful, SEC Case Ter minated: Will UNI Surge? (2/27/25)

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.