Re: Bitcoin (BTC) next price movement will follow the psychological level
Bitcoin’s price continued its downward trend on Monday, trading below $96,000 after a decline last week. The cryptocurrency faced strong resistance and was unable to hold above the $100,000 psychological level, leading to a nearly 2% drop. As of Monday, Bitcoin was priced around $95,800, showing signs of further weakness. Investors are closely watching whether the price will stabilize or continue falling in the coming days.
If Bitcoin continues to decline, it may test the $90,000 level, which is seen as an important psychological support. A break below this level could signal a deeper correction, leading to further losses. Market analysts are concerned about the overall sentiment, as Bitcoin struggles to find strong buying support. Many traders are now waiting for signs of recovery before making new investment decisions.
Technical indicators also suggest a bearish outlook for Bitcoin. The Relative Strength Index (RSI), a key momentum indicator, dropped to 48 after failing to stay above 50, signaling increased selling pressure...
https://www.cryptocrit.xyz/2025/02/crypto-price-prediction-bitcoin-btc_10.html
Your chart is a 2hr chart of course the RSI will show something different. But take a look at the weekly chart and the monthly chart because it may mean that the bull season might just continue as well til a period of time where its going to be overbought. So far there is a window where this could still be shooting to mars.
There might just be some bigger that will happen first before the fall.