CandleFocus Bitcoin price steady as Nasdaq 100, S&P 500, SCHD retreats
2025-02-22
Author: Content Editor
The price of Bitcoin remained stable above $95,550 despite the recent downturn in American stock indices and exchange-traded funds. The S&P 500 index and Nasdaq 100 both experienced significant declines, and popular technology stocks such as Nvidia, Apple, Microsoft, and Meta Platforms were among the biggest losers. The fear and greed index for Bitcoin shifted to the greed area, while the CNN Money fear and greed index remained in the fear zone. The decline in Bitcoin and US equities can be attributed to concerns over President Donald Trump's tariffs and the Federal Reserve's restrictive policy due to elevated inflation. However, there are positive indications that Bitcoin's price will recover, as it is forming a bullish flag pattern and previously formed a cup-and-handle pattern with a price target of around $121,590.
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