- Bitcoin Insider
- Posts
- BITCOIN Weakness Continues| Channel Low Next?
BITCOIN Weakness Continues| Channel Low Next?
The market remains in a fragile state, with Bitcoin trading in “no man’s land.” The presence of a well-defined downsloping trading channel continues to dictate price action, keeping momentum bearish
Today’s report will include:
BITCOIN Technical Analysis
Market Psychology
Trading Tools
FREE Crypto Trading Secretes Guide 2025
BITCOIN TRADING CHANNEL
Bitcoin price action remained stagnant over the weekend, with no significant movement. However, key support levels are now approaching, and the market continues to show signs of weakness. The lower timeframe structure remains bearish, and volatility is contracting, suggesting that a larger move could be on the horizon.
Key Points:
Bitcoin is trading within a downsloping channel, with $93,500 as the next key support level. A break lower could send prices toward $89,900.
The broader market remains weak, with no sustained rallies despite Bitcoin’s small trading range. Repeated tests of support levels could increase the likelihood of a breakdown.
Volatility is expected to expand soon, making risk management essential in current conditions. No clear long opportunities exist, and patience is required for a proper trade setup.
The market remains in a fragile state, with Bitcoin trading in “no man’s land.” The presence of a well-defined downsloping trading channel continues to dictate price action, keeping momentum bearish. While short positions from previous weeks may still be in play, new setups are limited. Traders should stay cautious and wait for clearer signals before making any major moves.
With volatility contraction in play, an expansion phase is likely in the coming weeks. How traders position themselves now could determine their market stance for the next few months. Staying disciplined and managing risk will be key in navigating this uncertain environment.
Hope this analysis helps.
Trading Tools ⚒️ 🔧
Discover Blofin.com: Your gateway to high-leverage crypto trading with no KYC, user-friendly interface, and top-tier liquidity. Start maximizing your trading potential today!
Claim your FREE Profitable Crypto Trading Secrets of 2025 Guide after Singing Up!
X Segment 📰 🗞️
The Bitcoin post-halving year is always bullish.
This year won't be any different!
— Mister Crypto (@misterrcrypto)
4:16 PM • Feb 23, 2025
Psychology 🧠

How did we do in this issue? |
Bitcoin Insider bouncing back to work, See you in the next one! 👊