$BTC has been in a tight range between $93,000 and $100,000 for nearly three weeks. This sideways action has traders on edge, as it struggles to break out in either direction. 🌀


According to crypto analyst CrypNuevo, key price levels could determine Bitcoin's next move. With significant U.S. events on the horizon, we could see an increase in volatility soon! 📈


🔍 Market Insights:

- Last week, we witnessed a bounce from $93,300 to $99,000, driven by liquidation data. This data revealed traders’ stop-loss placements, leading to forced sell-offs and opportunities for savvy traders to capitalize on the price swings.

- Currently, liquidations are evenly spread, indicating Bitcoin could move either up or down without a clear trend. 📉📊


📌 Key Support Levels to Watch:

- $94,700 - $95,000: This zone has strong liquidity, with many stop-loss and buy orders, making it a potential bounce area.

- $92,500: If Bitcoin fails to hold the first support zone, this is the next critical level where more liquidations could trigger significant price action.


While the market seems stable, CrypNuevo notes the importance of short-term liquidation data for trading decisions, as the overall landscape remains uncertain. ⚠️


Bitcoin is currently trading around $95,800, showing a slight dip, with a market cap of approximately $1.89 trillion. As traders, it’s essential to keep an eye on these key levels to navigate the upcoming moves effectively.


What are your thoughts on Bitcoin's next direction? Let’s discuss! 👇

#Bitcoin Price Prediction: What is Bitcoins next move?#

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February 24, 2025 at 2:24 PM
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