Bitcoin (BTC), while it was difficult to hold above the $ 98,000 level, market sensitivity became cautious. The recently announced inflation data increased investor concerns and withdrew the price of BTC to $ 95,000. This suggests that investors will see if lower levels will be seen.
Bitcoin Analysis: Key Levels
Bitcoin Rainbow Chart categorizes price movements with nine different color code. These regions indicate whether Bitcoin is in the extremely worthless or speculative zone depending on market sensitivity. Currently BTC, ‘Hodl!’ is located in the region. This indicates that neither a strong sales nor a sudden rally are expected.
Market analysts predict that Bitcoin will remain in this region by the end of February. If the BTC falls below $ 90,000, this can create an attractive purchase opportunity for long -term investors. Past data shows that there is generally strong purchase interest at these levels.
Critical levels for Bitcoin
Bitcoin is expected to be traded between $ 90,270 and $ 11853 until 28 February. This range is a balance point in which the price is neither extremely cheap nor speculative. However, BTC’s exceeding $ 118 thousand may trigger new speculative purchases and lead to further transportation of the price.
On the other hand, the price falling below $ 90 thousand may be a harbinger of a wider decline trend. Especially 69 thousand dollars and 53 thousand dollars stand out as areas where buyers concentrate. Experts emphasize that price movements should be carefully monitored at these levels.
What does artificial intelligence predictions say?
In the latest analysis, artificial intelligence -supported models predict that Bitcoin will be traded around 104 thousand dollars by the end of February. This estimate supports that the probability of the BTC is likely to stay in the current range.
Although macroeconomic factors gain weight, artificial intelligence -based projections show that Bitcoin still has the upward potential in the short term. As we have reported as Kriptokoin.com, this may offer an important opportunity for long -term investors. Nevertheless, it is very important for investors to act carefully.
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