The price of Bitcoin (BTC) has shown only sideways movement in the last day resulting in a minor price loss of 0.37%. In the larger timeframe, BTC remains in a strong consolidation range between $95,000-$98,000, putting majority of traders on alert for an immediate breakout. Meanwhile, a market analyst with X username Cryptododo7 has shared some insights on the current BTC market structure highlighting the influential key price levels in the short term. Related Reading: Bitcoin At Risk? Analyst Says Breaking This Price Level Could Spark Significant Volatility Bitcoin At Major Crossroads – Is A Crash To $76,000 Feasible? Bitcoin registered a new all-time high of $109,114 on January 20 as US President Donald Trump assumed office. However, the premier cryptocurrency has struggled to establish any robust bullish momentum since then, sliding into falling ranges of consolidation. Currently, BTC trades around $97,000 with no inkling on its future direction. According to Cryptododo7 in an X post on February 15, the asset’s descent from $109,000 has formed a strong downtrend resistance with $102,000 acting as the third point of resistance. In the case of any ..
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