Bitcoin Technical Analysis 02-13-21

By xuanling11 | Crypto Learning | 14 Feb 2021


Technical Analysis

Bitcoins opens at $47K and goes down to around $46K and stable around $46K ~ $47K. The average transaction fee is $27.50 which is 6.91% decrease from 02-12-21. As I mentioned yesterday, Bitcoin retreat around $46K. If it stables around $46K ~ $47K, the next target is $50K.

I remain my floor price to $37K indicates the strong support and remain the ceiling price at $44K. $50K may come soon!

Bitcoin volatility is moving less volatile in yesterday. The market has reacted peak value at $48.9K but retreated to $47K which means the Bitcoin prepares for next milestone $50K soon.

Bitcoin increases its correlation for Stock that it becomes a defense position 🛡️. The price may fluctuate less in the coming day with price toward mid-level. There may have higher risks in the coming day as the greed level still high!

Bitcoin Value =  $37k ~ $44k and my position is Long.

Here are some highlights to support my analysis:

e32aac7dea65366fa8050d4675856c511baef50f47baa753c4182ec54eee37c8.png29a0126f26a689fbe7930e5fff6bd33fd3f96497bff8812ea7607dbeaa2122e9.png1f92df30917f0d296c8b95683b1582dc3cff84b8d32fcd7f3ddf21cdefbdc2e1.png586742beb6a2727cd9ca9f53d1a07818fe7c302254c93d513576544f13d313b1.png

Here is the road map for today:

13e4ce0d18365f1f423b538480e9b24ee858d073b694b99681ccd95bfd63fd7b.png

14404f5247fb0704e38cfc8bf24bc91d627e09c038b71924ce55cf6316d695f5.png

Most Bullish News 📈

Bank supports Bitcoin

It indicates that Bitcoin gains more attraction from institutional buyers.

Most Bearish News 📉

Morgan Stanley considers buying Bitcoin

It indicates that Bitcoin may dry out even faster.

-------------------------------------------------------------------------------------

Here are summary of general forecast of this week of economy and market:

e8df82c31c5d9de948df81eda3cce375887a8c7d7efafa111226026643d10dc0.png894d1a3dd1956bd48bc40c8793b44dfa871e66e60eedf382c701a87daf92e8dd.png
893a5f1bf20990c72b5ac1ff130dfed604021aca01b7218d6c5e436906458d8b.png

Also, if you have any suggestions, please do not hesitate to let me know!

Thanks for reading and see you tomorrow!

-------------------------------------------------------------------------------------
You can reference my previous Bitcoin analysis here:
Bitcoin Technical Analysis 01-07-21📈
Bitcoin Technical Analysis 01-08-21📈
Bitcoin Technical Analysis 01-09-21📉
Bitcoin Technical Analysis 01-10-21📉
Bitcoin Technical Analysis 01-11-21📉
Bitcoin Technical Analysis 01-12-21📈
Bitcoin Technical Analysis 01-13-21📉
Bitcoin Technical Analysis 01-14-21📈
Bitcoin Technical Analysis 01-15-21📉
Bitcoin Technical Analysis 01-16-21📉
Bitcoin Technical Analysis 01-17-21📉
Bitcoin Technical Analysis 01-18-21📈
Bitcoin Technical Analysis 01-19-21📈
Bitcoin Technical Analysis 01-20-21📉
Bitcoin Technical Analysis 01-21-21📉
Bitcoin Technical Analysis 01-22-21📈
Bitcoin Technical Analysis 01-23-21📉
Bitcoin Technical Analysis 01-24-21📉
Bitcoin Technical Analysis 01-25-21📈
Bitcoin Technical Analysis 01-26-21📉
Bitcoin Technical Analysis 01-27-21📉
Bitcoin Technical Analysis 01-28-21📈
Bitcoin Technical Analysis 01-29-21📈
Bitcoin Technical Analysis 01-30-21📉
Bitcoin Technical Analysis 01-31-21📉
Bitcoin Technical Analysis 02-01-21📈
Bitcoin Technical Analysis 02-02-21📈
Bitcoin Technical Analysis 02-03-21📈
Bitcoin Technical Analysis 02-04-21📉
Bitcoin Technical Analysis 02-05-21📈
Bitcoin Technical Analysis 02-06-21📉
Bitcoin Technical Analysis 02-07-21📈
Bitcoin Technical Analysis 02-08-21📈
Bitcoin Technical Analysis 02-09-21📉
Bitcoin Technical Analysis 02-10-21📉
Bitcoin Technical Analysis 02-11-21📈
Bitcoin Technical Analysis 02-12-21📈
You can reference my Bitcoin methodology here and here.
-------------------------------------------------------------------------------------
You can reference my previous Ethereum analysis here:
Ethereum Technical Analysis 01-07-21📈
Ethereum Technical Analysis 01-08-21📉
Ethereum Technical Analysis 01-09-21📈
Ethereum Technical Analysis 01-10-21📉
Ethereum Technical Analysis 01-11-21📉
Ethereum Technical Analysis 01-12-21📈
Ethereum Technical Analysis 01-13-21📉
Ethereum Technical Analysis 01-14-21📈
Ethereum Technical Analysis 01-15-21📉
Ethereum Technical Analysis 01-16-21📈
Ethereum Technical Analysis 01-17-21📉
Ethereum Technical Analysis 01-18-21📈
Ethereum Technical Analysis 01-19-21📈
Ethereum Technical Analysis 01-20-21📉
Ethereum Technical Analysis 01-21-21📉
Ethereum Technical Analysis 01-22-21📈
Ethereum Technical Analysis 01-23-21📈
Ethereum Technical Analysis 01-24-21📈
Ethereum Technical Analysis 01-25-21📈
Ethereum Technical Analysis 01-26-21📉
Ethereum Technical Analysis 01-27-21📉
Ethereum Technical Analysis 01-28-21📈
Ethereum Technical Analysis 01-29-21📈
Ethereum Technical Analysis 01-30-21📈
Ethereum Technical Analysis 01-31-21📉
Ethereum Technical Analysis 02-01-21📈
Ethereum Technical Analysis 02-02-21📈
Ethereum Technical Analysis 02-03-21📈
Ethereum Technical Analysis 02-04-21📉
Ethereum Technical Analysis 02-05-21📈
Ethereum Technical Analysis 02-07-21📈
Ethereum Technical Analysis 02-08-21📈
Ethereum Technical Analysis 02-09-21📉
Ethereum Technical Analysis 02-10-21📉
Ethereum Technical Analysis 02-11-21📈
Ethereum Technical Analysis 02-12-21📈
-------------------------------------------------------------------------------------
You can reference my previous Dogecoin analysis here:
Doge Analysis 12-28-21📈
Doge Analysis 01-01-21📈
Doge Analysis 01-02-21📈
Doge Analysis 01-11-21📉
Doge Analysis 01-28-21📈
Doge Analysis 02-04-21📈
Doge Analysis 02-07-21📈
-------------------------------------------------------------------------------------
You can reference my previous Cryptomarket forecast analysis here:
Crytomarket Weekly Overview and Forecast 01-15-21 to 01-22-21🔥🔥
Crytomarket Weekly Overview and Forecast 01-22-21 to 01-29-21🔥🔥
Crytomarket Weekly Overview and Forecast 01-29-21 to 02-05-21🔥🔥
-------------------------------------------------------------------------------------
Risk forecast guideline:
Risk Averse means you can use as defense 🛡️
Risk Seeking means you can use as offense ⚔️
Risk Neutral means no decision made and continue seeking opportunities 👁️
-------------------------------------------------------------------------------------
Disclosure: I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose cryptocurrencies are mentioned in this article. This information is only for educational purposes.

How do you rate this article?


1

0

xuanling11
xuanling11

A delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters to write with a freestyle.


Crypto Learning
Crypto Learning

All article was written by a delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.