Bitcoin (BTC) is a crypto in the CRYPTO market. The price is 96,577.0 USD currently with a change of -1,021.00000 (-1.05%) from the previous close. The intraday high is 97,600.0 USD and the intraday low is 94,864.0 USD.
Market Overview
As of February 12, 2025, Bitcoin is trading at $96,577, marking a 1.05% decline over the past 24 hours. The cryptocurrency has fluctuated within a $94,864 – $97,600 range, reflecting heightened market uncertainty following key economic developments in the U.S.
Recent Developments
🔹 Crypto-Friendly Banking Policy in the U.S.
The Trump administration has introduced a policy allowing U.S. banks to provide crypto services without additional regulatory approval. This move is expected to increase Bitcoin’s accessibility for institutional investors, but markets remain cautious in the short term. (barrons.com)
🔹 Tariffs and Inflation Concerns
The U.S. has implemented new tariffs on imports from Canada, Mexico, and China, triggering concerns about inflation. This uncertainty has led to speculation that the Federal Reserve may hold off on rate cuts, leading to a short-term pullback in Bitcoin’s price. (investopedia.com)
Technical Analysis
📊 Indicators suggest mixed market signals:
- 📉 Moving Averages: The 10-day Simple Moving Average (SMA) is trending downward, signaling continued selling pressure.
- 📉 RSI (Relative Strength Index): Currently near 38, indicating oversold conditions and a potential short-term rebound.
- 📉 MACD (Moving Average Convergence Divergence): Bearish crossover suggests continued downward momentum, unless a reversal pattern emerges.
Investor Sentiment
📉 Bitcoin’s short-term outlook remains uncertain, with traders weighing regulatory optimism against economic concerns.
🔹 Optimistic investors view the U.S. banking policy shift as a long-term bullish catalyst, expecting increased adoption.
🔹 Cautious investors are wary of macroeconomic pressures, including inflation risks and the Fed’s stance on interest rates.
Conclusion
Bitcoin is at a crucial inflection point, caught between bullish regulatory advancements and bearish macroeconomic factors. Short-term traders should watch for support at $94,500 and resistance at $98,800 to determine Bitcoin’s next move.
