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Bitcoin drops to its lowest level in two months

Technical Analysis
By Mostafa Mahmoud
Bitcoin drops to its lowest level in two months
0 1

BTCUSD

البيتكوين 25-2-2025

Bitcoin is trading below the resistance level of $94,500 and is likely to target the support level of $88,600. This scenario would be invalidated if the aforementioned resistance level is breached to the upside.

Support

 88600 82450 –
Resistance 94500 100000

106500

Bitcoin experienced a significant decline in value today, dropping below the $92,000 level, a level not seen since November of last year. This decline is attributed to several economic and political factors, most notably trade tensions, Federal Reserve policies, and the performance of financial markets.

Overall, the cryptocurrency market is influenced by multiple factors, including global economic developments, monetary policies, and the movements of major investors. Therefore, investors are advised to closely monitor market updates and make well-informed investment decisions based on technical and fundamental analysis.

You can now benefit from LDN company’s services through the LDN Global Markets trading platform.

Mostafa Mahmoud

Mostafa Mahmoud Technical Analyst at LDN Mostafa has half a decade of experience in the field of financial markets between technical analysis and financial portfolio management, which extends to more than one financial market between stocks, commodities, currencies and the debt markets.

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