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Bitcoin (BTC) Price Analysis for February 14

Tue, 02/14/2023 - 14:59
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Denys Serhiichuk
Can death cross lead to Bitcoin (BTC) drop to $20,000 soon?
Bitcoin (BTC) Price Analysis for February 14
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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The market might return to growth soon as most of the coins are again in the green zone.

Top coins by CoinMarketCap


The price of Bitcoin (BTC) is rising by 0.86% over the last 24 hours.

BTC/USD chart by TradingView

On the hourly chart, the rate of Bitcoin (BTC) is trading closer to the local resistance than to the support, which means there are more chances to see an upward move rather than a drop. If the candle closes near the $21,885 mark, the breakout may lead to the test of the $22,000 zone shortly.

BTC/USD chart by TradingView

On the daily time frame, Bitcoin (BTC) keeps trading in the middle of the channel, between the support at $21,454 and the resistance at $21,939. The volume has fallen, which means that none of the sides is ready for a sharp move.

ETH and XRP Price Analysis for February 13

In this case, ongoing sideways trading in the range of $21,600-$21,800 remains the more likely scenario until the end of the week.

BTC/USD chart by TradingView

On the weekly chart, Bitcoin (BTC) has formed the death cross, which might be a bearish signal. At the moment, one should pay attention to the bar closure. If it happens below the support at $21,454, the fall may continue to the $20,000 zone or even below. Such a scenario is relevant until the end of the month.

Bitcoin is trading at $21,651 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at