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$BTC bull run alert
As of February 21, 2025, Bitcoin (BTC) is trading at $98,613, with an intraday high of $98,782 and a low of $96,811.
Entry and Exit Strategy for Spot Trading:
Entry: Consider entering a position if BTC's price breaks above the $100,000 resistance level with strong volume, indicating potential upward momentum.
Exit: Set a profit target around $106,000, the next significant resistance. Implement a stop-loss order near $92,000 to mitigate potential losses.
Bullish Analysis:
BTC's resilience above $98,000 suggests potential for further gains. Institutional interest, such as MicroStrategy's recent acquisition of 7,600 BTC, bolsters confidence. A sustained move above $100,000 could pave the way toward previous highs.
Bearish Analysis:
Failure to maintain support above $92,000 may lead to increased selling pressure. Macroeconomic factors, including potential interest rate hikes, could negatively impact BTC's price. Traders should monitor these levels closely.
Note: Cryptocurrency markets are highly volatile. Conduct thorough research and consider your risk tolerance before trading
#AI Agents Tokens Surge #PI Listing Carnival #IP & BERA Price Bounce Up #BTC