The Price of BTC Remains Under Pressure | Can It Break Free?

The price of Bitcoin is experiencing pressure currently and is pricing below the $100,000 mark, which is an 11.4% decrease from its peak after hitting an all-time high above $109,000 weeks prior.

As of February 19, 2025, Bitcoin started another decrease below the $96,200 zone and is retesting the $95,000 support zone, facing potential struggles in recovering losses.

A key bearish trend line is forming with resistance at $96,000 on the hourly chart. The hourly MACD is losing pace in the bearish zone, and the hourly RSI for BTC/USD is below the 50 level.

Major support levels are identified at $95,000, followed by $94,200, while major resistance levels are at $96,000 and $98,000.

A strengthening US Dollar Index could jeopardize upside potential of Bitcoin, as there has historically been an inverse relationship between Bitcoin and dollar index.

Bitcoin is struggling to break out of its consolidation range pricing around $95,700 with resistance near $100,000 and support forming at $93,500.

A break above $100,000 could rekindle bullish sentiment if Bitcoin can maintain its current range and the dollar decreases. A noted crypto analyst also suggests that Bitcoin is likely to experience a notable rebound in the near term.

If the asset fails to rise above the resistance zone of $96,000, it could start a fresh decline, with immediate support near $95,000 and major support near $94,000.

A drop below $93,500 close to $85,000 could potentially lead to a more severe correction.

Not a financial advice.

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