Bitcoin $96,276.81During February, it was traded in a narrow price range. Bitcoin traded at the level of 102 thousand dollars at the beginning of the month, as of today decreased to $ 96,600. The 5 %decrease in the last month creates anxiety among investors. Market analysts say that the current trend is approaching the breaking point.
Samson Mow: Price movements are not natural
Jan3 CEO Samson Mow, Consensus Hong Kong 2025 event, Bitcoin price movements are unusual, he said. According to Mow, the current price congestion may be the result of a certain pressure.
“If you look at the price movements; He peaked, then watching horizontally. We can say consolidation, but not productive. ” – Samson Mow
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This assessment of Mow increases question marks on the current appearance of the market. Investors wonder how long the price will stay in this narrow range. If the market pressure continues, Bitcoin is expected to decline to a strong level of support.
Market Analysts: 92,500 dollars critical level
Blockchain Analysis company Glassnode, the market is in the process of jam, he says. In addition to Bitcoin, Ethereum $2,723.10 And popular Altcoins such as Memecoins are also observed. Analysts say that the low performance of leverage positions and the low performance of Spot Bitcoin and Ethereum ETFs are remarkable.
“Capital output was observed in Ethereum and leading memecoins. This may be a sign of capital shift from risky assets. ” – Glassnode
In particular, the level of $ 92,500 is a critical threshold. It is estimated that sales pressure may increase if this level is below. It is stated that investors are cautious and volatility may increase in the coming days. It is seen that corporate investors are also waiting.
It remains unclear how market dynamics are shaped. Current price movements show that Bitcoin may be in a long -term consolidation process. Analysts say that the narrow price range can continue for a while and a possible break can carry the market in a new direction.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.