CandleFocus Bitcoin Price Pulls Back to Support—Breakdown or Bounce Ahead?
2025-02-18
Author: Content Editor
The Bitcoin price is experiencing another decline and struggling to recover losses. It failed to surpass resistance levels at $99,000 and $100,000, and has now dropped below the $96,500 support level. The immediate support is at $95,500, with the next key support at $95,200. If the price fails to rise above the $97,000 resistance, it could continue to decline with potential support levels at $95,000 and $93,500. On the upside, a close above the $98,000 resistance could lead to further gains toward the $100,000 level. Technical indicators suggest a bearish trend with the MACD losing pace and the RSI below the 50 level.
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