Bitcoin Price Prediction Today February 24

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 (02/23/2025) trading in a range $96,811,02 take notes 0.85% decline in Last 24 hours. The market is showing volatility with daily lows at $95,657,06 and highest in $96,811,02. Bitcoin's total market capitalization stands at approx $1,897,884,139,646.4 down 0.94% 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 23 February 2025

Bitcoin's market capitalization increased to around $1.9 trillion, supported by trading volume that rose 36% in the past day. However, global uncertainties such as the Fed's hawkish policy and US inflation concerns continue to create pressure on the crypto market. 

Additionally, sell-offs from miners and fund outflows from Bitcoin ETFs also negatively impacted the stronger bullish momentum.

Read too Bitcoin (BTC) Price Prediction: Comprehensive Analysis

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 suppress inflation have depressed crypto market sentiment. Higher-than-expected US inflation in January (3%) increased investors' concerns, thereby influencing Bitcoin price movements.

2. Tariff Policy Uncertainty

President Donald Trump's new tariff policies against Canada, Mexico and China are creating additional pressure on the market. This move increases global economic uncertainty and puts risk assets like Bitcoin under pressure6.

3. Outflows from Bitcoin ETFs

During the period February 10-14, 2025, the Bitcoin ETF recorded outflows of $585.65 million. This shows reduced interest from institutional investors in the short term, which also influences the price of Bitcoin6.

4. Support and Resistance Zones

Bitcoin is currently testing the support zone at $95,500 after failing to break through the $97,000 and $100,000 resistance. If the price falls below $94,000, further correction may occur with the next support at around $91.0007.

Conclusion

On February 22, 2025, Bitcoin's price was influenced by several key factors, including hawkish comments from the Chair of the Fed which raised inflation concerns, as well as uncertainty due to President Donald Trump's new tariff policy against several countries. 

Additionally, significant outflows from Bitcoin ETFs indicate waning interest from institutional investors, while Bitcoin is testing the support zone at $95,500 after failing to break through higher resistance levels. 

With fluctuating market conditions and strong external pressures, investors are advised to remain alert to further price movements.

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

Bitcoin (BTC) Support and Resistance Levels February 19-24, 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

Bitcoin price movements in the period 19-24 February 2025 are strongly influenced by macroeconomic and technical factors. With support levels at $94,381 and resistance in $97,000, investors are advised to remain alert to the latest developments and consider possible scenarios to make informed investment decisions.

Bitcoin (BTC) Price Prediction February 24, 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 24, 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

The conclusion of Bitcoin price analysis up to February 24, 2025 shows that although it is currently trading in a range $96,705 with a decrease of approx -2.33%, market sentiment remains optimistic ahead of a potential big rally in February. 

Lower-than-expected inflation data and the Fed's easing interest rate policy could act as a bullish trigger, with the short-term price target at $100,000 and the possibility of achieving $122,000 if the positive trend continues. 

However, if selling pressure increases and the price falls below the support level at $94,381, there is a risk of further decline heading $90,000. Overall, investors are advised to remain alert to macroeconomic and technical developments that may influence Bitcoin price movements in the near future. 

With various factors influencing the market, it is important for traders to monitor the latest news and analysis to make informed investment decisions.

FAQ about Bitcoin (BTC) Price Prediction February 24, 2025

1. What will affect the price of Bitcoin on February 24, 2025?

Bitcoin prices on February 24, 2025 are influenced by several factors, including the Fed's interest rate policy, inflation data, and investment inflows into Bitcoin ETFs. Global economic uncertainty also plays a role in determining market sentiment.

2. What are the current support and resistance levels for Bitcoin?

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

3. What should investors pay attention to as February 24, 2025 approaches?

Investors are advised to monitor macroeconomic developments, including the release of inflation data and statements from the Fed. Keeping an eye on price movements around support and resistance levels is also important for making the right investment decisions.

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