Bitcoin (BTC) Price Analysis (February 14)

Key Highlights

  • The BTC/USD market now appears experiencing a line of choppy price movements.
  •  The BTC/USD market now puts around ranges of $10,400 and $10,000 values.
  • The market point at $10,000 expectantly has to validate a presumption of a bearish trend in the BTC/USD trade.

  • Major distribution territories: $10,800, $11,200, $11,600
  • Major accumulation territories: $9,600, $9,200, $8,800

Bitcoin (BTC) Price Analysis

Currently, the price valuation of BTC as pared with the worth of the US dollar is seemingly lowering impulse in its path to the north. In the wake of this crypto-trade action, price has to hover around $10,400 and $10,000 market territories differentially as time goes on in the meantime.

The US dollar also looks so inactive to have gained the market operations’ force at the expense of the crypto’s present slow-moving mote.

Bitcoin Technical Indicators Reading

The tail end of the 14-day SMA has a bit laid flat closer above the market point over the 50-day SMA trend-line. The bigger trading SMA indicator’s position at $10,000 price territory may be used as an accumulating zone for the cryptocurrency while it doesn’t get broken down in the near trading time.

The bears’ quick resumption effort has been getting low indication as the Stochastic Oscillators have lowered the hairs close to range 20. In that vein, it may be difficult for the bears to push the crypto’s valuation quickly down from the $10,000 mark.

Conclusion

A breakout of the $10,400 price line is ideally necessary to suggest a bullish trading continuation cycle in this crypto-trade. Like wisely, a reversal at that point during a volatile price movement may prepare the grand for the bears’ decent entry point. But, all in all, the bulls are still expected to have a first-hand advantage of the current slow market operations afterward.


Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Ben Jordan
Ben Jordan
Ben began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,441FansLike
2,795FollowersFollow
4,189FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

China’s Largest Mining Chip Maker, SMIC, Gains Regulator’s Approval On $2.8B IPO

One of China’s biggest semiconductor manufacturer, SMIC, announces plans to raise a $2.8 billion public sale IPO on the Sci-Tech Board of the...

Bitcoin Flash Crashes to $8,600 with BitMEX Shenanigans at Play Again

Bitcoin doing bitcoin things! Today, Bitcoin had yet another moment like March 12, although the price didn’t crash that low. https://twitter.com/100trillionUSD/status/1267835341987340288 Yesterday, Bitcoin jumped as high as...

AVA Labs Integrates Chainlink’s Decentralized Oracles to Improve DeFi Dapps Development

AVA blockchain, becomes the latest platform to add Chainlink, a decentralized oracle system to its platform. The integration of Chainlink to the Dapp blockchain...

Binance Korea to Improve KYC/AML Framework With Coinfirm's Compliance Solution

Binance South Korea unveiled a unique partnership with Blockchain analytics firm, Coinfirm that will help Binance remain compliant with the strict AML framework...

2nd Largest BTC Mining Pool, Poolin, Collabs With BlockFi, To Boost Crypto Lending Service

Poolin and BlockFi have formed a partnership as the latter aims to extend loans to the mining pool. Bitcoin (BTC) and mining equipment...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today