Bitcoin Price Prediction Today February 12

Bittime -  - Bitcoin continues to be a digital asset that attracts attention with its dynamic price movements every day. Today's Bitcoin price analysis and predictions provide important insights for investors to understand the latest market trends. 

Influenced by market sentiment, global news, and technical indicators, Bitcoin offers both great opportunities and challenges for those immersed in the world of crypto. 

In this article, we will review the latest predictions, technical analysis, and factors that influence Bitcoin prices, so you can always be ready to face market changes.

Bitcoin Price Performance Today 

On February 11, 2025 18:30 IWST (WIB), Bitcoin price is trading in a range $98,106,09 take notes 0.24% increase in Last 24 hours. The market is showing volatility with daily lows at $96,871,51 and highest in $98,476,49. Bitcoin's total market capitalization stands at approx $1,944,323,321,201.88.

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Historical Bitcoin Price Movements

Bitcoin has experienced significant growth over the past year, with a notable increase of approx 141,83% since January 2024, when the price is approx $42.461. This cryptocurrency hit an all-time high in $109.588 before Donald Trump's inauguration on January 20, 2025. This surge reflects bullish market sentiment, driven by expectations of pro-crypto policies from the new administration.

On February 11, 2025 18:30 IWST, Bitcoin price is trading in a range $98,106,09 take notes 0.24% increase in Last 24 hours. The market is showing volatility with daily lows at $96,871,51 and highest in $98,476,49. Bitcoin's total market capitalization stands at approx $1,944,323,321,201.88.

Market sentiment is influenced by US-China trade tensions and the potential for interest rate increases. Analysts view the price correction as a long-term investment opportunity, with Bitcoin's fundamentals remaining strong supported by widespread adoption

Read too Bitcoin (BTC) Price Prediction: Comprehensive Analysis

Factors Affecting Bitcoin Prices

Economic Factors:

US-China trade tensions: Energy import tariff policy triggers concerns, affects market sentiment.

Fiscal policy & interest rates: Rising interest rates prompt a shift to safer assets.

Global Market Sentiment: Global economic uncertainty affects crypto market sentiment.

Technical Factors:

Price correction: Reasonable correction after reaching the highest level.

Adoption: Increased adoption by retail and institutional investors.

Transaction Interest: High interest in transactions in Indonesia.

Old Bitcoin transfer: The movement of 14,000 dormant BTC fuels market speculation.

Despite the pressure, Bitcoin trading volume up 19% become $37.35 billion in the last 24 hours. Analysts assess that Bitcoin's fundamental factors remain strong, supported by widespread adoption.

Read too Everything Happening to Bitcoin Through 2024: BTC ETFs, Trump, and the All-Time High

Bitcoin Support and Resistance Levels (Updated February 11, 2025)

Current Price: Bitcoin is traded in $98.106,09 on February 11, 2025 at 18:30. The average price in the last 50 days is $98.698,94.

Nearest Support Level: Area $95.000 remains a critical support level. A drop below this level could trigger further profit-taking into the area $92.000-$93.500.

Key Resistance Levels: The main resistance is at $106.000 which must be broken for the rally to continue. The next resistance target is at $115.000-$120.000. Penetration above $100.000 could trigger a rise towards $103.500-$110.000.

Possible Scenarios:

Bullish: Penetration and defense above $100.000 can trigger upward momentum towards $103.500 and even $110.000. Resistance breakout at $106.200 could trigger a rally to new highs2.

Bearish: A decline below support $95.000 can trigger profit taking with the next support target in the area $92.000-$93.500.

Consolidation: Bitcoin may move sideways between $96.000 And $100.000.

Factor affecting: US-China trade tensions, major countries' fiscal policies, and interest rate fluctuations. Adoption by retail and institutional investors, as well as regulatory progress can provide positive sentiment. Bitcoin trading volume rose 19% to $37.35 billion in the last 24 hours, indicating continued market interest.

Read too How to Buy Bitcoin (BTC)

Conclusion

Based on the latest data on February 11, 2025, Bitcoin shows limited signs of recovery after experiencing a correction from its all-time high (ATH) in January. Despite pressure from global economic factors such as US-China trade tensions and interest rate policies, interest in Bitcoin remains strong, demonstrated by increasing trading volumes and continued adoption by retail and institutional investors. 

Support level of $96.000-$97.000 becomes crucial to maintain bullish momentum, with potential upside heading $100.000 and so on if this resistance is successfully penetrated. 

Overall, the market is still optimistic, but investors need to be aware of volatility and the potential for profit-taking in the short term

FAQ

What is the price of Bitcoin today?

Bitcoin is trading in a range $97.311-$98.328 on February 11, 2025.

What factors influence the current price of Bitcoin?

Factors include US-China trade tensions, global interest rate policy, adoption by retail and institutional investors, and market sentiment.

What are the prospects for Bitcoin in the short term?

The market is showing signs of recovery, but investors need to be wary of volatility and potential profit-taking. Support level at $96.000-$97.000 is crucial to maintaining positive momentum.

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