Bitcoin Price Prediction Today February 21

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 

Bitcoin price is currently (02/20/2025) trading in a range $97,220,71 take notes 1.52% increase in Last 24 hours. The market is showing volatility with daily lows at $95,423,99 and highest in $97,351,98. Bitcoin's total market capitalization stands at approx $1,928,238,750,072.58 up -1.52% Last 24 Hours.

Price BTC to USDT via Market Endtime

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.

Bitcoin Price Analysis Today 20 February 2025

Bitcoin's near $1.9 trillion market capitalization was driven by a 36% increase in trading volume in the last 24 hours. However, global uncertainty due to the Fed's hawkish policies and inflation concerns in the US continue to put pressure on the crypto market as a whole. The sell-off from miners as well as the outflow of funds from Bitcoin ETFs also contributed to the weakening of the bullish momentum that occurred.

Read too Bitcoin (BTC) Price Prediction: Comprehensive Analysis

Of course! The following is a version that has been updated and adjusted to the relevant data, using the reference prices we agreed previously, ie $97,220.71. 

Factors Affecting Bitcoin Prices

1. Pressure from the Fed's policies

Hawkish comments from Fed Chair Jerome Powell regarding the possibility of keeping interest rates high for longer to control inflation continue to put pressure on the crypto market. US inflation which was recorded to be higher than expected in January 2025 (3%) made investors increasingly wary of risky assets such as Bitcoin. This sentiment reduces Bitcoin's bullish momentum even though the price is currently in a range $97,220.71, go on 1,52% in the last 24 hours.

This tight monetary policy suppresses liquidity in financial markets, including the crypto market, thereby affecting demand for Bitcoin as an alternative asset. If this policy continues, Bitcoin price volatility is expected to remain high.

2. Uncertainty in Global Tariff Policy

President Donald Trump's move to impose new tariff policies on Canada, Mexico, and China creates significant global economic uncertainty. This trading tension is impacting the overall market sentiment and putting risk assets like Bitcoin under pressure.

However, some analysts believe that global economic uncertainty may also encourage some investors to seek refuge in digital assets such as Bitcoin. This could be one of the factors supporting prices in the long term if trade tensions continue to escalate.

3. Outflows from Bitcoin ETFs

In the period 10-14 February 2025, the Bitcoin ETF recorded an outflow of $585.65 million, indicating a decline in institutional investors' interest in crypto assets in the short term. This outflow reflects investors' concerns about the prospects for the crypto market which is still influenced by macroeconomic pressures.

However, Bitcoin's daily trading volume has increased by 36% in the last 24 hours, indicating significant market activity despite declining institutional interest. This is a signal that retail investors are still active in supporting Bitcoin price movements.

4. Support and Resistance Zones

Bitcoin is currently testing a strong support zone nearby $95,500, after failing to break the critical resistance level at $97,000 And $100,000. If the price manages to stay above this support zone, there is potential to continue the bullish trend towards the psychological level $100,000.

However, if selling pressure increases and the price falls below $94,000, further correction may occur with the next support zone around $91,000. Investors are advised to monitor price movements carefully as volatility remains a major factor in the crypto market today.

Conclusion

On February 20, 2025, Bitcoin price is at a range $97,220.71, recorded a daily increase of 1,52%, although the market still faces various external challenges. The main factors that influence price movements include:

- The Fed's hawkish policy is increasing inflation concerns.

- Uncertainty due to President Donald Trump's new tariff policy.

- Significant outflows from Bitcoin ETFs indicating a decline in institutional interest.

- Testing of important support and resistance zones at levels $95,500 until $100,000.

 

With fluctuating market conditions and strong macroeconomic pressures, investors are advised to remain vigilant and consider good risk management strategies before making investment decisions.

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

Bitcoin (BTC) Support and Resistance Levels February 19-21, 2025

Bitcoin (BTC) Main Support

$94,381: This is a critical support level that must be maintained to prevent further decline. If the price falls below this level, there is potential for a decline heading $90,500.

$95,000: This level also functions as an important support and a psychological point for traders.

Bitcoin (BTC) Key Resistance

$97,000: This is the nearest resistance that must be broken to open the path to higher prices.

$99,449: If Bitcoin manages to break this level, a potential rally towards $103,491 is very possible.

Bitcoin Price Scenario

Bullish Scenario

Trigger: If inflation data shows a figure that is lower than expected and there is an easing of monetary policy by the Fed.

Technical Indicators: A bullish flag pattern is visible on the weekly timeframe with a strong buy signal from the oscillator.

Price Targets: If Bitcoin breaks resistance at $99,449, the next target could be between $103,500 to $110,000.

Consolidation Scenario

Trigger: Investors are cautious ahead of the release of inflation data and speeches from Fed officials.

Price Movement: Bitcoin tends to move sideways within a certain price range.

Price Levels: If the price sustains above the mid Bollinger Band around $96,217.36, the consolidation may continue.

Bearish Scenario

Trigger: Inflation remains high and the Fed maintains tight policy.

Technical Indicators: A head and shoulders pattern appears, indicating a potential reversal in market direction.

Price Targets: If Bitcoin falls below the head and shoulders neckline (around $90,000), the price could fall to the $74,100 area or deeper to $57,600.

Conclusion

On February 20, 2025, Bitcoin price was trading in a range $97,220.71, recorded a daily increase of 1,52%. 

Current price movements are strongly influenced by macroeconomic sentiment such as the Fed's policy and US inflation data.

With major support levels around $94,381 until $95,000, as well as important resistance at the level $97,000 until $99,449, investors need to monitor price movements closely. 

The bullish scenario could take the price to new psychological levels above $100,000 if the resistance is successfully broken. Nevertheless, the risk of a correction remains if external pressure continues to loom over the crypto market.

Investors are advised to use good risk management strategies and follow real-time market developments to make informed investment decisions.

Bitcoin (BTC) Price Prediction February 21, 2025

Based on the latest analysis and available data, Bitcoin price is expected to move within a range $94,000 to $98,000 on February 21, 2025. The main support level is at $94,381, which is a critical point for maintaining bullish momentum. If Bitcoin manages to break the nearest resistance at $98,000, there is a chance to reach the psychological level $100,000, which may prompt further upside towards the intermediate target $103,500 to $110,000.

However, if selling pressure increases and the price falls below $94,000, Bitcoin is at risk of falling into the area $90,000 or lower. Market sentiment is currently driven by concerns over new tariff policies from the US government and the impact of higher-than-expected inflation. Investors are advised to monitor market developments and the latest economic data to anticipate further price movements.

With fluctuating market conditions and various macroeconomic factors influencing investor sentiment, it is important for traders to remain alert and ready to deal with rapid changes in Bitcoin price movements.

Read too How to Buy Bitcoin (BTC)

Conclusion

In conclusion, on February 21, 2025, Bitcoin price is expected to move in a range $94,000 to $98,000, with the main support level at $94,381 which is crucial for maintaining bullish momentum; if it succeeds in breaking through resistance at $98,000, the potential to reach a psychological level $100,000 and intermediate targets $103,500 to $110,000 wide open 

However, if selling pressure increases and the price falls below $94,000, Bitcoin is at risk of falling into the surrounding area $90,000. 

Investors are advised to monitor market developments and the latest economic data to anticipate further price movements.

FAQ about Bitcoin (BTC) Price Prediction February 21, 2025

1. What are the key support and resistance levels for Bitcoin on February 21, 2025?

The main support level for Bitcoin is $94,381, while the nearest resistance level is at $98,000. If Bitcoin manages to break through this resistance, there is potential to reach the psychological level of $100,000.

2. What can influence Bitcoin's current price movements?

Bitcoin price movements are influenced by several factors, including the Fed's monetary policy, concerns about higher-than-expected inflation, and uncertainty due to new tariff policies from the US government.

3. What are the possible scenarios for Bitcoin prices going forward?

Possible scenarios include bullish if the price breaks $98,000, consolidation if the price moves sideways above $96,217, and bearish if the price falls below $94,000, risking a run towards the area around $90,000.

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