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Coin Edition 2025-02-25 04:30:00

February Market Watch: Altcoin Season Potential Heats Up as Bitcoin Eyes Breakout

February Market Watch: Altcoin Season Potential Heats Up as Bitcoin Eyes Breakout

Bitcoin faces resistance at $97K-$100K, bulls need $104K breakout for bullish move. Rising Bitcoin dominance pressures altcoins. Current cycle mirrors past bull runs, but key support levels must hold. Bitcoin is still looking strong, inching up week by week, but bulls are finding it tough to push prices higher. The current market has been choppy, and many calling it a “no trade zone” until a clear breakout happens. According to an analyst, to trigger the next big move, bulls need to break out of the top of the current range, around $104K. If this plays out, it could fire up bullish momentum and start off a major price increase. Resistance at $97-100K: Bears Could Take Over However, Bitcoin has run into repeated rejections near the $97-100K range. A promising push was stopped cold when the unfortunate Bybit hack undercut any weekend price corrections. But Bitcoin may get back on track with its upward trend and target the $102-103K range. If Bitcoin can’t break higher soon, the tables could turn in favor of bears, with the price potentially dipping to the $83K range. Bitcoin Cycle: Still on Track Despite Volatility Despite some deviations, th… The post February Market Watch: Altcoin Season Potential Heats Up as Bitcoin Eyes Breakout appeared first on Coin Edition .

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