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Home»BITCOIN NEWS»Bitcoin prices are strongly restored. Does a new rally begin?
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Bitcoin prices are strongly restored. Does a new rally begin?

By Crypto FlexsFebruary 21, 20252 Mins Read
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Bitcoin prices are strongly restored. Does a new rally begin?
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Bitcoin Price has begun recovery of more than $ 96,500. BTC is rising and aims to move more than $ 98,800.

  • Bitcoin has begun to recover more than $ 96,500.
  • The price is more than $ 97,000, a simple transaction of $ 100 per hour.
  • There is a major strong trend line that provides nearly $ 97,600 in the time chart of BTC/USD pairs (Krake’s data feed).
  • If the pair is maintained above $ 96,400, you can start another increase.

Bitcoin prices are higher

Bitcoin prices have formed a foundation of more than $ 94,500 and have begun recovery. The BTC was able to surpass $ 95,000 and $ 96,400.

The price has been cleared at $ 97,500. The bull even extracted the price to more than $ 98,500. The best is formed near $ 98,725, and the price is now integrated. The price is $ 93,370 to the lowest $ 98,725 height, and after 23.6% FIB of the rise, it is more stable than the return level.

Bitcoin Price currently trades more than $ 97,200 and a simple moving average per hour. There is also a major trend line that provides nearly $ 97,600 in the BTC/USD pair.

Source: TradingView.com BTCUSD

Conversely, the immediate resistance is close to $ 98,500. The first main resistance is close to $ 98,800. The next key resistance can be $ 99,500. The price may be higher than that of $ 99,500. If specified, the price rises to test the $ 100,000 resistance level. No more profit can be sent to $ 100,500 or $ 102,000.

Another reduction in BTC?

A new reduction may begin if Bitcoin does not rise from the $ 98,800 resistance area. Immediate support for the shortcomings is close to $ 97,500. The first main support is nearly $ 96,500 and is 50% FIB from the $ 93,370 swing to $ 98,725 height.

The next support is now near $ 95,500. Loss is no longer a price of $ 94,200 in the short term. The main support is $ 93,400.

Technical indicators:

Time MACD -MACD is now getting pace from the strong zone.

Time RSI (Relative Strength Index) -The RSI of BTC/USD now exceeds 50 levels.

Major support levels -$ 97,500, $ 96,500.

Main resistance level -$ 98,500 and $ 100,000.

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