Bitcoin Price Analysis
1. Market Structure & Trend
The chart indicates a descending trendline, signaling a bearish market structure.
Price action is approaching a major support zone (~$86,000 - $88,000), highlighted in green.
The latest sharp drop suggests high selling pressure, but the support zone could act as a demand area where buyers may step in.
2. Key Support & Resistance Levels
Support Zone: $86,000 - $88,000 (green area).
Immediate Resistance: $90,000 - $92,000 (descending trendline).
Breakout Target: $96,000+ if Bitcoin breaks the trendline.
Read more: oxifinance.com/2025/02/bitcoin-price-analysis-key-support-at.html
1. Market Structure & Trend
The chart indicates a descending trendline, signaling a bearish market structure.
Price action is approaching a major support zone (~$86,000 - $88,000), highlighted in green.
The latest sharp drop suggests high selling pressure, but the support zone could act as a demand area where buyers may step in.
2. Key Support & Resistance Levels
Support Zone: $86,000 - $88,000 (green area).
Immediate Resistance: $90,000 - $92,000 (descending trendline).
Breakout Target: $96,000+ if Bitcoin breaks the trendline.
Read more: oxifinance.com/2025/02/bitcoin-price-analysis-key-support-at.html
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