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Bitcoin Stuck in Tight Range Amid Market Uncertainty

Bitcoin has been trading within a $4,500 range since Feb. 5, facing resistance at $98,000. Economic and technical factors suggest this consolidation may persist.

What we will talk about today...

Bitcoin Stuck in Tight Range Amid Market Uncertainty

Michael Saylor Signals Bitcoin Buy After One-Week Pause

Bitcoin Holds $95K Despite Heavy Selling Pressure

Bitcoin Stuck in Tight Range Amid Market Uncertainty

Bitcoin has been trading within a $4,500 range since Feb. 5, facing resistance at $98,000. Economic and technical factors suggest this consolidation may persist.

  • Main Points:

    • Trump Tariffs Impact: New steel and aluminum tariffs raise inflation fears, pressuring crypto markets.

    • Investor Caution: Uncertainty over Federal Reserve rate moves is keeping traders on edge.

    • Technical Resistance: Bitcoin remains trapped between the 50-day SMA ($99,709) and 100-day SMA ($95,825).

  • Detailed Insights:

    • Tariff Concerns: Trade tensions could drive inflation, making bonds more attractive than crypto.

    • Liquidation Risks: Recent tariff-related volatility led to $2B in crypto liquidations.

    • Key Levels to Watch: BTC must reclaim $99,709 to break out; losing $95,825 could trigger a deeper correction.

Until a decisive catalyst emerges, Bitcoin may remain range-bound, with traders closely watching macroeconomic developments.

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Michael Saylor Signals Bitcoin Buy After One-Week Pause

Strategy co-founder Michael Saylor hints at another Bitcoin acquisition after a brief pause, reinforcing the company’s aggressive BTC strategy amid its recent rebrand.

  • Main Points:

    • BTC Holdings Surge: Strategy now holds 471,107 BTC, worth $45.3 billion.

    • Rebrand to "Strategy": Formerly MicroStrategy, the company shifted branding to reflect its Bitcoin-first approach.

    • Q4 Bitcoin Binge: Acquired 195,000 BTC in Q4 2024, its largest quarterly purchase.

  • Detailed Insights:

    • Stock Struggles: Strategy shares are down 40% from their all-time high of $543.

    • Bullish BTC Outlook: Company cites ETFs, institutional adoption, and U.S. regulatory clarity as key catalysts.

    • Technical Support: Despite declines, Strategy stock remains above its 200-day EMA.

Saylor’s latest post suggests the buying spree will continue, reaffirming Bitcoin’s role as the company’s core asset.

₿itcoin reached $97,599. +1.25%

♢Ethereum reached $2,650.  +0.41%

Bitcoin Holds $95K Despite Heavy Selling Pressure

Bitcoin remains resilient above $95,000 despite the highest selling pressure since 2022. However, a drop below $93,000 could trigger $1.7 billion in liquidations.

  • Main Points:

    • Massive Sell-Off: Largest daily selling pressure since Three Arrows Capital’s collapse in 2022.

    • Strong Support: Bitcoin bounced back from a $94,726 low, signaling possible seller exhaustion.

    • Trade War Concerns: U.S.-China tariffs add uncertainty, weighing on investor sentiment.

  • Detailed Insights:

    • Liquidation Risk: A fall below $93K could cause sharp volatility and liquidate $1.7B in long positions.

    • Key Support Levels: Further downside could push BTC to $91,500 or even below $90K.

    • Political Uncertainty: Delayed Trump-Xi trade talks add to economic instability.

Bitcoin’s resilience faces a critical test as global economic tensions and market leverage increase volatility risks.

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results