BTC/USDT Analysis: Crucial Test at $68,000
February 16, 2025
Current Situation
Bitcoin has dropped 2.20% and is now testing the crucial support at $68,000. High selling volume confirms the bearish strength.
Levels
Resistance: 69,000| 69,400 Support: 68,000| 67,500
Price is below all averages = short-term bearish trend.
Scenarios
Bounce (40%): Protecting 68,000 and breaking 68,700 targets 69,400$
Breakdown (60%): Breaking 68,000 opens 67,000
Conclusion
Wait. Do not trade within the range of 68,000-69,000. Your decision should be made upon the break.
#BTC #تحليل_فني $BTC BTCFellBelow$69,000Again
BTCUSDT
Perp
68,847.1
+2.30%
XRPUSDT
Perp
1.3597
+3.28%
ETH
2,137.74
+4.13%