Bitcoin (BTC) continued to decline this week and has fallen for less than $ 95,600 during the trading day. The encryption asset with a demand area of $ 94,300 to $ 95,800 has shown about $ 96,200 liquidity cleaning, but the clear reversal has not yet been made in the short term.
Bitcoin 1 hour chart. Source: COINTELEGRAPH/TradingView
The analyst said that Bitcoin is over 120K.
Mikybull, a crypto analyst, pointed out that despite the current integration of BTC, encryption assets can reach up to $ 120,000 in the new history if they follow seasonal patterns from 2018 to 2014.
Bitcoin 1 year Season 2018-2024. Source: x.com
As you can see on the chart, Bitcoin is on average during February and is currently showing a higher trend in 2025 in terms of seasonal data.
Since 2013, BITCOIN has returned to 14.08%in February, and this month has only decreased twice in the last decade. The average Q1 return is 52.43%, and the average yield of Q4 is 84%from the beginning.
Bitcoin 4 hours analysis of Danny Marques. Source: x.com
Similarly, the market researcher, Danny Marques, believed that BTC’s recent drop in dropping to $ 91,000 is the local floor. Added by the analyst
“Bitcoin will come more than $ 120K or more than I thought, and how to see the next week/month for those who are interested in the chart.”
Related: Bitcoin is an analyst Eyes RSI Breakout for $ 98K and enjoys a lot of demand.
BTC ~ $ 110K or $ 80K first?
Despite the claim of supporting local floors, Alphractal, a data analysis platform, emphasizes the leverage transaction as a “biggest danger” of Bitcoin to open a $ 80,000 re -test likely.
Bitcoin liquidity zone and open and open and gap. Source: x.com
In the X Post, the analysis platform said that the long position increased significantly during October 2024, which created a liquidity gap between $ 72,000 and $ 86,000, which had low trading activities.
Therefore, a sharp drop of less than $ 80,000 remains likely to liquidate long positions built since November 2024.
Bitcoin counting level. Source: x.com
On the other hand, there is a short position cluster of more than $ 111,000, which opened in December 2024, but it is doubled compared to shorts.
In addition, if the public interest decreases to $ 76 billion to $ 559 billion, the use of leverage in the market has decreased in the market, which can reduce the risks between traders, which can affect the price stability of Bitcoin for the next few weeks.
Related: 4 reasons why Bitcoin is optimistic for more than $ 98K.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.