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Bitcoin’s attempts to climb again

Technical Analysis
By Ahmed Ashraf
Bitcoin’s attempts to climb again
0 13

BTCUSD

 

البيتكوين 20-2-2025

Bitcoin is trading above the support area of $95,000, and prices are likely to rebound upwards and retest the minor resistance area of $98,775. This scenario would be invalidated if the aforementioned support area is broken to the downside during today’s trading session.

Support

 95000 90000 –
Resistance 98775 102250

109500

Bitcoin experienced significant volatility during today’s trading session, as investors awaited signals from the Federal Reserve meeting minutes regarding the future of interest rates. This has contributed to a reduced risk appetite for digital assets. Despite the decline, Bitcoin remains within a stable range, holding support at $95,000, while the $102,250 level serves as the key resistance that needs to be breached to regain bullish momentum.

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

Ahmed Ashraf

Technical Analyst & Economic Researcher at LDN Global Markets

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