Bitcoin is Predicted to Reach $ 108,429 By Feb 26, 2025

cryptonews.net 21/02/2025 - 21:30 PM

Disclaimer

This is not investment advice. The information provided is for general purposes only. No information, materials, services or other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • Bitcoin is down -3.05% today against the US Dollar
  • Bitcoin is currently trading 11.96% below our prediction on Feb 26, 2025
  • Bitcoin dropped -8.60% in the last month and is up 85.10% since 1 year ago
Bitcoin price $ 95,456
Bitcoin prediction $ 108,429 (10.12%)
Sentiment Neutral
Fear & Greed index 49 (Neutral)
Key support levels $ 97,027, $ 95,667, $ 94,839
Key resistance levels $ 99,216, $ 100,045, $ 101,404

Bitcoin Price Prediction

BTC price is expected to rise by 10.12% in the next 5 days according to our Bitcoin price prediction.

Currently trading at $ 95,456 after losing -3.05% in the last 24 hours. Bitcoin underperformed the cryptocurrency market as the total crypto market cap decreased by -2.05% in the same time period.

According to our Bitcoin price prediction, BTC is expected to reach a price of $ 108,429 by Feb 26, 2025. This would represent a 10.12% price increase for BTC in the next 5 days.

BTC Price Prediction Chart

Buy/Sell Bitcoin

Bitcoin Performance in the Last 30 Days

Bitcoin has been displaying a negative trend recently, losing -8.60% in the last 30 days. The medium-term trend has been bearish with BTC dropping by -2.20% in 3 months. The long-term picture remains positive, as BTC shows an 85.10% increase over the past year, trading at $ 51,571 last year today.

Bitcoin reached an all-time high of $ 109,079 on Jan 20, 2025. Current cycle high is $ 102,289 and low is $ 92,692. Bitcoin’s 1-month volatility is at 3.39, having recorded 15 green days in the last 30 days.

Bitcoin Technical Analysis for Today – Feb 21, 2025

The sentiment in the Bitcoin markets is currently Neutral, with the Fear & Greed index reading Neutral. Important support levels to watch are $ 97,027, $ 95,667, and $ 94,839, while key resistance levels are $ 99,216, $ 100,045, and $ 101,404.

Neutral Sentiment for Bitcoin

Currently, 17 indicators are signaling a bullish prediction for Bitcoin, while 14 are showing a bearish forecast, resulting in an overall Neutral sentiment for Bitcoin with 55% of indicators favoring a positive prediction.

Crypto Market Sentiment

The Fear & Greed index is at 49 (Neutral), indicating a neutral outlook among investors. This index measures sentiment among cryptocurrency investors, with higher readings suggesting optimism and potential market overvaluation.

Technical Indicators Overview

Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential
MA3 $ 94,812 (BUY) $ 97,920 (SELL)
MA5 $ 95,296 (BUY) $ 97,886 (SELL)
MA10 $ 96,943 (SELL) $ 97,402 (SELL)
MA21 $ 97,690 (SELL) $ 97,073 (SELL) $ 142,509 (SELL) $ 87,986 (BUY)
MA50 $ 98,972 (SELL) $ 95,108 (BUY) $ 103,426 (SELL) $ 73,728 (BUY)
MA100 $ 97,169 (SELL) $ 88,708 (BUY) $ 77,383 (BUY) $ 59,934 (BUY)
MA200 $ 80,796 (BUY) $ 79,307 (BUY) $ 50,565 (BUY) $ 46,492 (BUY)

Additional Technical Indicators

Period Value Action
RSI (14) 44.28 NEUTRAL
Stoch RSI (14) 100.00 SELL
Stochastic Fast (14) 46.95 NEUTRAL
Commodity Channel Index (20) -66.67 NEUTRAL
Average Directional Index (14) 34.04 BUY
Awesome Oscillator (5, 34) -3,732.79 NEUTRAL
Momentum (10) 44.08 BUY
MACD (12, 26) -116.04 NEUTRAL
Williams Percent Range (14) -53.05 NEUTRAL
Ultimate Oscillator (7, 14, 28) 48.55 NEUTRAL
VWMA (10) 96,730.92 SELL
Hull Moving Average (9) 95,936.24 BUY
Ichimoku Cloud B/L (9, 26, 52, 26) 99,450.07 NEUTRAL

The Relative Strength Index (RSI 14) indicates that Bitcoin is currently neutral, trading below the 50-day Simple Moving Average, signaling a bearish trend. However, the 200-day SMA indicates a bullish trend in the long term.

Conclusion

Considering these factors, our Bitcoin price prediction is Neutral, requiring a 10.12% increase to reach the $ 108,429 target within the next five days. Monitoring market sentiment, key support and resistance levels, and other metrics will be crucial. Cryptocurrency markets are unpredictable, often showing significant price volatility. For long-term Bitcoin price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services or other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.




Comments (0)

    Greed and Fear Index

    Note: The data is for reference only.

    index illustration

    Greed

    63