Bitcoin bounce for $ 85,000 on February 28 if the merchants hoped that a background was in danger after the BTC (BTC) had struggled to guarantee a higher candlestick for the daily fence.
TRDR.IO’s data show that Bitcoin has received a solid Spot offer in Coinbase because the price fell to a hollow from 2025 to $ 78,300, but what should be seen is whether the bulls will be able to provide sufficient purchase volume to support their current momentum.
BTC / USDT graphic 1 day. Source. TRDR.IO
Crypto Trader Magus suggested that the most likely way to follow for Bitcoin is the range from $ 72,000 to $ 85,000 for several weeks.
In a post on X, Magus shared the following table and said,
“Come to BTC to build a range like this now.”
BTC / USDT graphic 1 day. Source: Magus / X
In addition to the absence of a high demand for points, Trader Horse added that the return of Bitcoin throughout the weekend could decrease according to the interpretation of the merchants of the comments of President Trump throughout the weekend.
“I guess the BTC returns during the weekend will continue to become more negative than they are already, because Tradfi uses it to cover for all that Trump says before Sunday opening.”
While the consensus between merchants seems to project the action of jerky prices for Bitcoin in the coming weeks, the print of 29% compared to the summit of $ 110,000 is not extraordinary for the BTC. As the crypto trader “Internet” underlines, 30% corrections are normal for the price during the Bitcoin bull markets, and historically, they have proven to be optimal purchasing opportunities.
Bitcoin price trawdowns during the bull markets. Source: Trainee / X
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
