Bitcoin traded at $97,705 with a market cap of $1.93 trillion, experiencing a quiet session on Saturday, Feb. 15, 2025. The price range was between $97,089 and $97,965.
Analysts say bitcoin has been consolidating after a sharp correction, with key support at $89,164 and resistance at the $109,356 peak on Bitstamp. A break above the $100,000 level could indicate a bullish continuation, while rejection could lead to further downside.
Fibonacci retracement levels highlight critical points, including 23.6% at $93,929, 38.2% at $96,877, and 61.8% at $101,643. A decisive move beyond $101,643 could propel BTC toward higher resistance zones.
Bitcoin’s four-hour chart shows a slowing downtrend on Saturday, with support at $94,091 and resistance at $102,569. A higher low has formed, signaling a possible bullish reversal if bitcoin can maintain momentum above $99,000.
Oscillator readings are mixed, but momentum is optimistic. Moving averages signal bullish conditions, while the MACD level suggests some bearish pressure.
The overall trend remains critical, with key resistance levels near $100,000 determining its next directional move. A breakout above this psychological barrier could push prices toward $102,569 and beyond.
Bullish Verdict: Bitcoin’s price structure remains intact despite recent consolidation, with strong long-term support from the 100-period and 200-period moving averages. A break above $100,000 with sustained volume could ignite bullish momentum.
Bear Verdict: With multiple rejections near key resistance levels and declining volume, bitcoin faces the risk of further downside pressure.
Source: https://news.bitcoin.com/bitcoin-price-analysis-is-a-breakout-to-105k-on-the-horizon-or-a-collapse-below-90k-looming