Technical Analysis
Bitcoins opens at $47K and goes down to around $44K and stable around $44K ~ $45K. The average transaction fee is $22.61 which is 13.17% decrease from 02-25-21. As I mentioned yesterday, Bitcoin retreat around $44K after touch $48K. If it stables around $44K ~ $45K, the next target is stable at $50K and hit $52K. I think the correction at this level will continue. My calculation on its value is $50K at some point which indicates that Bitcoin may continue correction in coming week. You can reference my method here. Despite the correction, transaction fee is very expensive. Be patience!
I remain my floor price to $40K indicates the strong support and remain the ceiling price at $50K.
Bitcoin volatility is moving more volatile in yesterday. The market has reacted peak value at $58.6K but retreated to $44K which means the Bitcoin prepares for next milestone $60K soon if continue stabling around $58K. It is fairly stable at this level.
Bitcoin decreases its correlation for Dollar that it becomes a neutral position ???. The price may fluctuate more in the coming day with price toward mid-level. There may have higher risks in the coming day as the greed level still high!
Bitcoin Value = $40k ~ $50k and my position is Long.
Here are some highlights to support my analysis:
Here is the road map for today:
Most Bullish News ??
Bitcoin challenges future finance
It indicates that Bitcoin may continue raising price after correction and whales continue accumulating Bitcoin.
Most Bearish News ??
It indicates that Bitcoin may face correction with slower adoption.
-------------------------------------------------------------------------------------
Here are summary of general forecast of this week of economy and market:
Also, if you have any suggestions, please do not hesitate to let me know!
Thanks for reading and see you tomorrow!
------------------------------------------------------------------------------------Note: Cross-references of this article has created by author and has cross-referenced on multiple platforms. You can find links below ????:
Should you have any questions or concerns, please reach out to me ??.
------------------------------------------------------------------------------------
You can follow me here ????:
?? Publish0x and join here ??
?? Floyx
?? Hive Blog
?? Trybe and join here ??
?? Steemit
?? Read.cash
?? Noise.cash
?? Leo Finance
?? TORUM clan and join here ??
?? Uptrennd
?? Markethive
?? Den
?? Lbry.tv
-------------------------------------------------------------------------------------
Passive income invitation ????:
?? Honeygain
?? PacketStream
?? Blade Adbank and code ??
Check here for details
-------------------------------------------------------------------------------------
Mobile mining ????:
?? Pi Coin
?? Bee Coin
?? Midoin
?? Initiative Q
All invitation code to use: xuanling11
Check here for details
-------------------------------------------------------------------------------------
You can reference my previous monthly Bitcoin and Ethereum analysis here ????:
???? January 2021 Technical Analysis Summary ????
-------------------------------------------------------------------------------------
You can reference my previous daily Bitcoin analysis here ????:
Bitcoin Technical Analysis 02-01-21??
Bitcoin Technical Analysis 02-02-21??
Bitcoin Technical Analysis 02-03-21??
Bitcoin Technical Analysis 02-04-21??
Bitcoin Technical Analysis 02-05-21??
Bitcoin Technical Analysis 02-06-21??
Bitcoin Technical Analysis 02-07-21??
Bitcoin Technical Analysis 02-08-21??
Bitcoin Technical Analysis 02-09-21??
Bitcoin Technical Analysis 02-10-21??
Bitcoin Technical Analysis 02-11-21??
Bitcoin Technical Analysis 02-12-21??
Bitcoin Technical Analysis 02-13-21??
Bitcoin Technical Analysis 02-14-21??
Bitcoin Technical Analysis 02-15-21??
Bitcoin Technical Analysis 02-16-21??
Bitcoin Technical Analysis 02-17-21??
Bitcoin Technical Analysis 02-18-21??
Bitcoin Technical Analysis 02-19-21??
Bitcoin Technical Analysis 02-20-21??
Bitcoin Technical Analysis 02-21-21??
Bitcoin Technical Analysis 02-22-21??
Bitcoin Technical Analysis 02-23-21??
Bitcoin Technical Analysis 02-24-21??
Bitcoin Technical Analysis 02-25-21??
You can reference my Bitcoin methodology here and here.
-------------------------------------------------------------------------------------
You can reference my previous daily Ethereum analysis here ????:
Ethereum Technical Analysis 02-01-21??
Ethereum Technical Analysis 02-02-21??
Ethereum Technical Analysis 02-03-21??
Ethereum Technical Analysis 02-04-21??
Ethereum Technical Analysis 02-05-21??
Ethereum Technical Analysis 02-07-21??
Ethereum Technical Analysis 02-08-21??
Ethereum Technical Analysis 02-09-21??
Ethereum Technical Analysis 02-10-21??
Ethereum Technical Analysis 02-11-21??
Ethereum Technical Analysis 02-12-21??
Ethereum Technical Analysis 02-13-21??
Ethereum Technical Analysis 02-14-21??
Ethereum Technical Analysis 02-15-21??
Ethereum Technical Analysis 02-16-21??
Ethereum Technical Analysis 02-17-21??
Ethereum Technical Analysis 02-18-21??
Ethereum Technical Analysis 02-19-21??
Ethereum Technical Analysis 02-20-21??
Ethereum Technical Analysis 02-21-21??
Ethereum Technical Analysis 02-22-21??
Ethereum Technical Analysis 02-23-21??
Ethereum Technical Analysis 02-24-21??
Ethereum Technical Analysis 02-25-21??
-------------------------------------------------------------------------------------
You can reference my previous daily Dogecoin analysis here ????:
Doge Analysis 01-11-21??
-------------------------------------------------------------------------------------
You can reference my previous weekly Cryptomarket forecast analysis here ????:
Crytomarket Weekly Overview and Forecast 01-22-21 to 01-29-21????
Crytomarket Weekly Overview and Forecast 01-29-21 to 02-05-21????
Crytomarket Weekly Overview and Forecast 02-05-21 to 02-12-21????
Crytomarket Weekly Overview and Forecast 02-12-21 to 02-19-21????
Crytomarket Weekly Overview and Forecast 02-19-21 to 02-26-21????
-------------------------------------------------------------------------------------
Risk forecast guideline:
Risk Averse means you can use as defense ???
Risk Seeking means you can use as offense ??
Risk Neutral means no decision made and continue seeking opportunities ???
-------------------------------------------------------------------------------------
Disclosure: I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose cryptocurrencies are mentioned in this article. This information is only for educational purposes.
