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Ethereum (ETH) $ 1,796.94
Tether (USDT) $ 1.00
XRP (XRP) $ 2.29
BNB (BNB) $ 604.86
Solana (SOL) $ 147.74
USDC (USDC) $ 0.999964
Dogecoin (DOGE) $ 0.178079
Cardano (ADA) $ 0.701196
TRON (TRX) $ 0.247226
Lido Staked Ether (STETH) $ 1,793.49
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Shiba Inu (SHIB) $ 0.000014
Hedera (HBAR) $ 0.188996
USDS (USDS) $ 1.00
Wrapped stETH (WSTETH) $ 2,156.38
Bitcoin Cash (BCH) $ 365.58
Litecoin (LTC) $ 86.10
Polkadot (DOT) $ 4.28
Hyperliquid (HYPE) $ 18.63
Bitget Token (BGB) $ 4.43
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
WETH (WETH) $ 1,799.37
Monero (XMR) $ 266.80
Ethena USDe (USDE) $ 0.999596
Pi Network (PI) $ 0.606892
WhiteBIT Coin (WBT) $ 29.34
Wrapped eETH (WEETH) $ 1,915.62
Coinbase Wrapped BTC (CBBTC) $ 94,921.00
Pepe (PEPE) $ 0.000009
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Bittensor (TAO) $ 383.77
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Official Trump (TRUMP) $ 14.28
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BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
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Render (RENDER) $ 4.51
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POL (ex-MATIC) (POL) $ 0.239100
Cosmos Hub (ATOM) $ 4.47
Algorand (ALGO) $ 0.230859
Lombard Staked BTC (LBTC) $ 94,659.00
Artificial Superintelligence Alliance (FET) $ 0.712399
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KuCoin (KCS) $ 10.65
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XDC Network (XDC) $ 0.081700
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Binance Staked SOL (BNSOL) $ 155.32
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Story (IP) $ 4.09
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Kelp DAO Restaked ETH (RSETH) $ 1,872.24
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USDT0 (USDT0) $ 0.999828
The Graph (GRT) $ 0.099089
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Binance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
Raydium (RAY) $ 3.00
PayPal USD (PYUSD) $ 1.00
Curve DAO (CRV) $ 0.644108
FLOKI (FLOKI) $ 0.000088
Rocket Pool ETH (RETH) $ 2,036.11
IOTA (IOTA) $ 0.221376
Tether Gold (XAUT) $ 3,326.51
JasmyCoin (JASMY) $ 0.016729
Solv Protocol xSolvBTC (XSOLVBTC) $ 93,312.00
Core (CORE) $ 0.795728
Polygon Bridged USDT (Polygon) (USDT) $ 1.00
PAX Gold (PAXG) $ 3,332.31
Bitcoin SV (BSV) $ 39.65
Walrus (WAL) $ 0.628385
GALA (GALA) $ 0.017429
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Theta Network (THETA) $ 0.754732
Lido DAO (LDO) $ 0.840166
Arbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 94,666.00
Jupiter Staked SOL (JUPSOL) $ 163.13
Helium (HNT) $ 4.10
The Sandbox (SAND) $ 0.302010
Pudgy Penguins (PENGU) $ 0.011739
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USD1 (USD1) $ 1.00
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BitTorrent (BTT) $ 0.00000072
Kaia (KAIA) $ 0.117257
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Brett (BRETT) $ 0.064087
Onyxcoin (XCN) $ 0.018848
Stables Labs USDX (USDX) $ 0.999137
Solayer (LAYER) $ 3.01
Movement (MOVE) $ 0.250364
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Jito (JTO) $ 1.81
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Beldex (BDX) $ 0.067786
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Bridged USDC (Polygon PoS Bridge) (USDC.E) $ 1.00
StakeWise Staked ETH (OSETH) $ 1,877.39
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Grass (GRASS) $ 1.64
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ApeCoin (APE) $ 0.550411
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OUSG (OUSG) $ 110.86
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Popcat (POPCAT) $ 0.380848
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Axelar (AXL) $ 0.375197
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Mantle Bridged USDT (Mantle) (USDT) $ 1.00
Ronin (RON) $ 0.563521
Sun Token (SUN) $ 0.017941
Amp (AMP) $ 0.004094
Saros (SAROS) $ 0.131169
ether.fi Staked ETH (EETH) $ 1,794.15
Terra Luna Classic (LUNC) $ 0.000063
Trust Wallet (TWT) $ 0.818957
Plume (PLUME) $ 0.170212
USDD (USDD) $ 1.00
Akash Network (AKT) $ 1.36

Bitcoin Price Slides Sideways On Reaching The $99,000 Line

By admin On Feb 22, 2025

Bitcoin (BTC) has risen above the moving average lines and the $95,000 support level but is being held back by the 50-day SMA barrier.

Bitcoin price long-term forecast: bearish

Bitcoin price is currently below the 50-day SMA barrier and above the 21-day SMA support. BTC will reach a high of $102,390 if it breaks above the 50-day SMA. However, Bitcoin will be forced to move in a range between the moving average lines if it gets stuck at the 50-day SMA.

On the other hand, if the bears break below the 21-day SMA, Bitcoin would fall back to its previous range between $94,000 and below the moving average lines.

Currently, Bitcoin is trying to break above the 50-day SMA and has resumed its uptrend. The price of Bitcoin is at $96,736.

Analysis of the Bitcoin price indicators

According to the analysis by Coinidol.com, after Bitcoin broke through the moving average lines, it has recovered. Before the breakout, the cryptocurrency was initially trapped between the moving average lines. If the 50-day SMA support holds, Bitcoin will rise again. The price bars are above the moving average lines on the upside, indicating a rise.

Technical indicators

Key supply zones: $108,000, $109,000, $110,000

Key demand zones: $90,000, $80,000, $70,000

What is the next move for Bitcoin?

Bitcoin has continued its uptrend after entering the uptrend zone. Bitcoin will start to rise again if the 50-day SMA support holds.

However, if the bulls are unable to sustain their bullish momentum above the 50-day SMA, Bitcoin will move between the moving average lines.

Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.

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