Bitcoin (BTC) Analysis 19Feb2025
Following is the daily chart of Bitcoin (BTC). It is near $95K currently, and trying to hold up above support levels. Near term upside target is $125K, which has been our upside target since 2021, and it will surely come. Strong support is visible at $90K, and it has been holding in recent weeks, which indicates a likely upmove in March-April 2025.
With the governments of different countries and states passing bills to create Bitcoin Strategic Reserve, Bitcoin (BTC) is clearly moving into the next stage of its evolution, and as fiat money comes into Bitcoin (BTC), there the tight supply of Bitcoin (BTC) is likely to create a strong upmove in price in the coming 1-2 years. As of now, there are no major sellers of Bitcoin (BTC), only new large buyers emerging from different places. Our #BTC targets are $125K to $225K by Dec 2025, and $500K in 2-3 years. #crypto #markets
Read more: http://ccxnews.com/bitcoin-btc-analysis-19feb2025/
Text source: CCx News.com
