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It was another volatile trading week in the Bitcoin ( $BTC ) market marked by almost equal amounts of losses and gains. According to data from CoinMarketCap, Bitcoin moved between $95,000 – $98,000, forming a strong consolidation zone. However, popular crypto analyst Burak Kesmeci states the critical levels for the premier cryptocurrency lie outside this price range. Bitcoin Key Levels To Watch – $94,000 Support Vs. $117,000 Resistance In an X post on February 14, Burak Kesmeci shared an interesting technical analysis on the BTC market highlighting two key zones that could decide the short-term price direction. One of these critical zones is the 1.6 Gold Ratio Multiplier which currently stands at $117,000. The 1.6 Golden Ratio Multiplier is a valuation tool used to identify vital resistance zones in a bull market. Therefore, Kesmeci postulates that if the Bitcoin Futures market closes above $117,000, spot traders can anticipate the bull rally to rediscover its form leading to an immediate uptrend. The second important price zone identified by Burak Kesmeci is the 111-day Moving Average (111DMA) which is presently at $94,000. The 111DMA is a commonly used moving price average indicator that often acts as a key dynamic support level during the bull run. Consequently, a weekly or daily price close below $94,000 in the Futures market will invite a strong bearish pressure on Bitcoin translating into an immediate price dip. Based on Kesmeci’s postulation, Bitcoin will likely soon break out of its current consolidation zone to register any significant price movement.  Bullish factors that may support a price breakout include an increase in ETF inflows and corporate crypto interest, as well as substantial progress in the US’s new pro-crypto agenda. On the other hand, investors should fear variables such as negative macroeconomic developments e.g. a hike in Fed interest rate especially considering the recent rise in US inflation. BTC Exchange Inflows Hit $1 Billion – Price Dip Incoming? In other news, analytics site IntoTheBlock reports the Bitcoin market recorded an inflow of over $1.3 billion resulting in a net inflow of $1.04 billion. Generally, massive exchange inflows are interpreted as a bearish signal as investors are likely moving their assets in preparation to sell on the exchange. At press time, the leading cryptocurrency continues to trade at $97,653 reflecting a 0.50% gain in the past 24 hours. However, its daily trading volume crashed by 12.80% and is presently valued at $32.29 billion. With a market cap of $1.93 trillion, BTC continues to rank as the largest digital asset. $BTC

Crypto Trading: The Market Hates My Sleep Schedule! 🤣🤣🤣 Friend: What are you always looking at on your phone? Trader: Just checking the crypto market! Friend: How’s the market doing? Trader: Same old story… When I was asleep, it went up! When I woke up, it crashed!😂 $BTC $ETH $LTC $BCH $ETC $BGB $BNB $SOL

Peter Brandt, a seasoned trader, has dismissed optimistic predictions in the wake of Bitcoin’s recent increase to $97,000+. His latest technical analysis indicates that the most prominent cryptocurrency may encounter difficulty in surpassing the coveted $200,000 threshold prior to 2030. Bitcoin has demonstrated a mixed performance, with a daily gain of 0.17% and a 2.85% decline over the course of the week, prompting the forecast. The Protracted Path To Six Figures Bitcoin will face significant challenges in breaching the psychological barrier of $100,000. The 8-week moving average of $97,633, which has consistently rejected upward movements, presents the cryptocurrency with significant resistance. The Average True Range (ATR) of 8,988 and the Average Directional Index (ADI) of 40.75, which both support a strong trend, show increased volatility in the current market conditions. Historical Patterns Paint A Cautionary Tale Since 2012, Bitcoin has developed a distinctive pattern that has captured the interest of technical experts. Within a red rising channel, the cryptocurrency has been bouncing between two crucial trendlines that serve as price barriers. Particularly intriguing is Bitcoin’s tendency toward both sharp corrections and parabolic movements. Market veterans have raised their antennae due to the striking similarities between the present rally and these previous cycles.Trading Volume Raises Red Flags The numbers tell an interesting story about how people participate in the market. There is a chance that the current rally isn’t stable because Bitcoin’s 20-period volume total of 245,600 is low compared to other breakout stages. Maintaining a long-term upward trend could be challenging in the absence of a notable increase in trade volume. For analysts watching Bitcoin’s next major move, this weak volume has been a growing concern.Support And Resistance: The Drawing Of Battle Lines The future of Bitcoin is contingent upon critical price levels that could determine its fate. Strong support is present in the $60,000 to $70,000 range, while a solid resistance zone looms between $100,000 and $120,000. If the situation worsens, Bitcoin may revisit the lower boundary of its long-term channel, which is approximately $40,000 to $50,000. Brandt’s analysis indicates that Bitcoin’s trajectory to $200,000 by 2030 is dubious in the absence of a significant break above the upper boundary of its parabolic trajectory. The veteran trader underscores the necessity of sustained momentum and the ability to surpass critical resistance levels in order to achieve such elevated valuations. $BTC

$BTC With institutional adoption rising and the next halving behind us, some predict BTC could hit $150K+, while others warn of corrections. Will 2025 be a bull run or a reset? What's your target?

$TRUMP A pro crypto stance could boost $BTC BTC and $ALT altcoins while regulatory uncertainty may cause volatility. Will Trump’s return spark a rally or a sell-off? What’s your take?