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#BTC Market Trend Analysis
#Which Altcoin ETF Could be Approved First?
As of February 10, 2025, the price of Bitcoin (BTC) is trading around $97,253, which is 0.78 percent higher compared to the previous session. Over the past 24 hours, the price has reached highs of $98,350 and lows of $94,747.
Currently, Bitcoin is holding above the important support level of $95,800. If it breaks below this level, the price may correct deeper. On the other hand, if it overcomes strong resistance around $100,000, Bitcoin may trigger a new uptrend.
From a technical analysis perspective, Bitcoin is forming a structure in the form of a diagonal triangle, indicating the possibility of continuing the upward trend while maintaining current support levels.
However, the cryptocurrency market is often subject to strong fluctuations and depends on various factors such as economic news, monetary policy, and investor psychology. Therefore, investors should be cautious, carefully monitor market changes, and sensibly manage risks when making investment decisions.
#BTC Market Trend Analysis