Bitcoin’s bounce at $ 85,000 in Feb.Btc) struggles to secure a higher high candle for the day -to -day.
Data from Trdr.Io shows bitcoin who received a strong bid in place at Coinbase because the price fell to a 2025 less than $ 78,300, but what is not yet visible is whether the bulls can provide ample purchase volume to maintain their current momentum.
BTC/USDT 1-Day Chart. Source. Trdr.io
Crypto businessman Magus suggested that the most likely path forward for Bitcoin was to cover the building at $ 72,000 to $ 85,000 range for a number of weeks.
In an X post, Magus shared the following chart and Says,
“BTC is expected to build a range like this today.”
BTC/USDT 1-Day Chart. Source: Magus / x
In addition to the absence of strong demand of place, the businessman’s horse added That Bitcoin is back on the weekend can be trend down based on the interpretation of the businessmen of President Trump’s comments throughout the weekend.
“I hope the BTC is back on the weekend will continue to be more negative than they already have, as Trafi uses it to give Trump anything before opening the futs on Sunday.”
While the agreed with merchants will appear in the Choppy price project for Bitcoin in the coming weeks, a 29% drawdown from $ 110,000 all-time high is not unique for BTC. As the Crypto trader has taught ‘Intern‘30% correction is for the course during Bitcoin Bull markets, and in history, they have proven to be the best purchase opportunities.
Bitcoin price drawdowns during bull markets. Source: Intern / X
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
