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Bitcoin

Is Bitcoin on the Verge of a Reversal?

23 Feb 2025by CryptoJazz Admin1 min read2 views
Is Bitcoin on the Verge of a Reversal?

🟑Since February 5, Bitcoin has been trading below $100,000, but indicators suggest a potential reversal. The Average Directional Index (ADX) has weakened, signaling a decline in selling pressure. The Ichimoku Cloud provides mixed signals: the Tenkan-sen is above the Kijun-sen, yet the price remains below the Kumo cloud.

🟑For an upward move, BTC must break through $97,756 and then $100,000. In case of a decline, key support is at $94,818. If this level fails, a drop to $91,300 is possible. The market awaits a new trend.

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