{"id":3315,"date":"2025-02-25T19:13:10","date_gmt":"2025-02-25T19:13:10","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/red-monday-green-week-bitcoin-needs-to-reclaim-this-level-for-trend-continuation-analyst\/"},"modified":"2025-02-25T19:13:10","modified_gmt":"2025-02-25T19:13:10","slug":"red-monday-green-week-bitcoin-needs-to-reclaim-this-level-for-trend-continuation-analyst","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/red-monday-green-week-bitcoin-needs-to-reclaim-this-level-for-trend-continuation-analyst\/","title":{"rendered":"Red Monday, Green Week? Bitcoin Needs To Reclaim This Level For Trend Continuation \u2013 Analyst"},"content":{"rendered":"

Bitcoin (BTC) has dropped below $95,000 and risks a further decline amid the ongoing market retrace. As February comes to an end, some analysts consider the flagship crypto needs to reclaim some crucial levels to continue its bullish long-term trend.<\/p>\n

Bitcoin Sees Monday Bleeding<\/h2>\n

Over the past three days, Bitcoin has seen its price drop below some key levels, dropping 5.7% From Friday\u2019s highs. Amid the news of the US Securities and Exchange Commission\u2019s withdrawal of its crypto case against Coinbase, the largest crypto by market capitalization traded above the $99,000 mark for the first time in two weeks.<\/p>\n

However, the positive sentiment quickly vanished after Bybit, one of the largest crypto exchanges in the world, suffered a $1.5 billion hack that took around 401,347 ETH. As a result, most cryptocurrencies, including Bitcoin, lost their momentary gains.<\/p>\n

Since then, the flagship crypto has hovered between the $95,000 and $96,000 zone, briefly nearing the $97,000 resistance on Saturday. On Monday, the correction continued, with BTC dropping below $95,000 and hitting its one-week low at $93,800.<\/p>\n

As noted by analyst Jelle, Bitcoin continues<\/a> to dump on New York markets opening. Per the post, BTC has been retracing from its early Monday recoveries every week after the US market opens, driving its price to a red Monday close several times in the past few months.<\/p>\n

Despite these retraces and the recent market corrections, Bitcoin has remained within its post-election range since November, showing minimal volatility. BTC has hovered between the $96,000-$102,000 mid-zone of the range for most of this period.<\/p>\n

Amid its recent performance, Altcoin Sherpa pointed<\/a> out that, excluding February 18, Bitcoin has not closed below its daily support zone in over a month, signaling that BTC needs to close above $95,700 to continue holding this crucial level.<\/p>\n

BTC Retests Bullish Flag Breakout<\/h2>\n

Meanwhile, Rekt Capital highlighted<\/a> that BTC needs a monthly close above $96,000 to continue its bullish long-term trend. In January, the largest crypto registered a historic candle after closing the month above the $100,000 mark for the first time.<\/p>\n

This close confirmed Bitcoin\u2019s breakout from its post-election monthly bull flag. However, the recent price action has seen BTC retest its breakout level again, momentarily losing it.<\/p>\n

\"Bitcoin\"<\/p>\n

The analyst asserted that the cryptocurrency needs to reclaim and close February above $96,700 \u201cto confirm the breakout & set itself up for trend continuation over time.\u201d<\/p>\n

He added that BTC has traded around this key level throughout the majority of February, and continuing to hold it would indicate a \u201csuccessful post-breakout retest.\u201d<\/p>\n

Rekt Capital concluded that BTC\u2019s daily close \u201cisn\u2019t as important as the higher timeframe signal\u201d as the bull flag bottom continues to hold as support \u201cand the three-month trend of a Higher Low at the downside wicks still exists.\u201d<\/p>\n

At the time of writing, BTC trades at $94,165, a 2.1% decrease in the daily timeframe.<\/p>\n

\"Bitcoin,<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) has dropped below $95,000 and risks a further decline amid the ongoing market retrace. As February comes to an end, some analysts consider the flagship crypto needs to reclaim some crucial levels to continue its bullish long-term trend. Bitcoin Sees Monday Bleeding Over the past three days, Bitcoin has seen its price drop…<\/p>\n","protected":false},"author":1,"featured_media":3316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[119],"tags":[56,956,1845,61,62,1846,42,713,1847,725,281],"class_list":["post-3315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-breakout","tag-bitcoin-bull-flag","tag-btc","tag-btcusdt","tag-bybit-hack","tag-crypto-analyst","tag-crypto-bull-run-2025","tag-crypto-exchange-bybit","tag-crypto-market-correction","tag-crypto-trader"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/3315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=3315"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/3315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/3316"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=3315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=3315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=3315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}