CandleFocus Bitcoin (BTC) Price Prediction for February 27
2025-02-27
Author: Content Editor
Bitcoin's price has dropped by 1.69% in the last 24 hours, with most other cryptocurrencies also in the red. On the hourly chart, Bitcoin's price may have encountered resistance at $86,979, and if it stays far from that level, bears may regain control and push the price down to the $85,000 range. The bigger time frame indicates a less positive outlook for bulls, as the price needs to rise above $90,000 for buyers to regain control. The weekly closing price at $89,392 is a key level to watch, as a decline below it with no long wick could signal a further drop to the $80,000 area. At present, Bitcoin is trading at $86,338.
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