Bitcoin (BTCUSD) Shows Continued Weakness As Sellers Take Control Again
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Bitcoin Price Prediction – February 13
BTCUSD market shows continued weakness as sellers take control again. The price is currently trending alongside the direction of a diagonal resistance.
The BTCUSD daily chart indicates a bearish outlook, as the price is trading below the 9-day SMA (Simple Moving Average) at $96,620, signaling downward momentum. Additionally, the RSI (Relative Strength Index) is at 42.75, trending lower and staying below the neutral 50 level, indicating weakening bullish strength. The RSI’s inability to recover above 50 suggests that sellers remain dominant in the market.
BTC/USD Market Key Levels:
Resistance Levels: $100,000, $115,000, $125,000
Support Levels: $85,010, $66,780, $53,500
BTCUSD – Daily Chart
The BTCUSD daily chart shows that the market’s environment is now bearish as price continues alongside a falling trendline.
Bitcoin has formed a descending trendline resistance, currently keeping price below the psychological level of $100,000. The rejection from this level confirms the bearish pressure. As the crash continues, the next major support is at $85,010, which has previously acted as a strong demand zone.
What is the likely projection of BTCUSD?
What is the likely projection of BTCUSD?Given the bearish structure, BTCUSD is likely to continue its downtrend toward the $85,010 level in the next few days. If selling pressure intensifies, a further drop toward $66,780 could be in play.
Any potential recovery would require a breakout above the $100,000 resistance. However, as long as the descending trendline holds, BTCUSD remains vulnerable to further declines.
BTCUSD – Four-Hour Chart
BTCUSD – Four-Hour ChartBTCUSD remains bearish on the four-hour chart, trading below the key resistance at $100,000. The price is struggling under the 9-SMA at $96,490, indicating continued selling pressure.
The RSI is hovering around 44.44, showing weak bullish momentum and the potential for further downside. A liquidity grab above $98,500 before a sharp decline toward $85,010 is likely.
Bitcoin (BTC) Current Statistics
The current price: $95,840
Market Capitalization: $1,910,000,000,000
Trading Volume: $35,960,000,000
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