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 πŸ›‘οΈ. 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 =Β  $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 πŸ“ˆ

Bank supports Bitcoin

It indicates that Bitcoin gains more attraction from institutional buyers.

Most Bearish News πŸ“‰

Morgan Stanley considers buying Bitcoin

It indicates that Bitcoin may dry out even faster.

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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!

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You can reference my previous Bitcoin analysis here:
Bitcoin Technical Analysis 01-07-21πŸ“ˆ
Bitcoin Technical Analysis 01-08-21πŸ“ˆ
Bitcoin Technical Analysis 01-09-21πŸ“‰
Bitcoin Technical Analysis 01-10-21πŸ“‰
Bitcoin Technical Analysis 01-11-21πŸ“‰
Bitcoin Technical Analysis 01-12-21πŸ“ˆ
Bitcoin Technical Analysis 01-13-21πŸ“‰
Bitcoin Technical Analysis 01-14-21πŸ“ˆ
Bitcoin Technical Analysis 01-15-21πŸ“‰
Bitcoin Technical Analysis 01-16-21πŸ“‰
Bitcoin Technical Analysis 01-17-21πŸ“‰
Bitcoin Technical Analysis 01-18-21πŸ“ˆ
Bitcoin Technical Analysis 01-19-21πŸ“ˆ
Bitcoin Technical Analysis 01-20-21πŸ“‰
Bitcoin Technical Analysis 01-21-21πŸ“‰
Bitcoin Technical Analysis 01-22-21πŸ“ˆ
Bitcoin Technical Analysis 01-23-21πŸ“‰
Bitcoin Technical Analysis 01-24-21πŸ“‰
Bitcoin Technical Analysis 01-25-21πŸ“ˆ
Bitcoin Technical Analysis 01-26-21πŸ“‰
Bitcoin Technical Analysis 01-27-21πŸ“‰
Bitcoin Technical Analysis 01-28-21πŸ“ˆ
Bitcoin Technical Analysis 01-29-21πŸ“ˆ
Bitcoin Technical Analysis 01-30-21πŸ“‰
Bitcoin Technical Analysis 01-31-21πŸ“‰
Bitcoin Technical Analysis 02-01-21πŸ“ˆ
Bitcoin Technical Analysis 02-02-21πŸ“ˆ
Bitcoin Technical Analysis 02-03-21πŸ“ˆ
Bitcoin Technical Analysis 02-04-21πŸ“‰
Bitcoin Technical Analysis 02-05-21πŸ“ˆ
Bitcoin Technical Analysis 02-06-21πŸ“‰
Bitcoin Technical Analysis 02-07-21πŸ“ˆ
Bitcoin Technical Analysis 02-08-21πŸ“ˆ
Bitcoin Technical Analysis 02-09-21πŸ“‰
Bitcoin Technical Analysis 02-10-21πŸ“‰
Bitcoin Technical Analysis 02-11-21πŸ“ˆ
Bitcoin Technical Analysis 02-12-21πŸ“ˆ
You can reference my Bitcoin methodology here and here.
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You can reference my previous Ethereum analysis here:
Ethereum Technical Analysis 01-07-21πŸ“ˆ
Ethereum Technical Analysis 01-08-21πŸ“‰
Ethereum Technical Analysis 01-09-21πŸ“ˆ
Ethereum Technical Analysis 01-10-21πŸ“‰
Ethereum Technical Analysis 01-11-21πŸ“‰
Ethereum Technical Analysis 01-12-21πŸ“ˆ
Ethereum Technical Analysis 01-13-21πŸ“‰
Ethereum Technical Analysis 01-14-21πŸ“ˆ
Ethereum Technical Analysis 01-15-21πŸ“‰
Ethereum Technical Analysis 01-16-21πŸ“ˆ
Ethereum Technical Analysis 01-17-21πŸ“‰
Ethereum Technical Analysis 01-18-21πŸ“ˆ
Ethereum Technical Analysis 01-19-21πŸ“ˆ
Ethereum Technical Analysis 01-20-21πŸ“‰
Ethereum Technical Analysis 01-21-21πŸ“‰
Ethereum Technical Analysis 01-22-21πŸ“ˆ
Ethereum Technical Analysis 01-23-21πŸ“ˆ
Ethereum Technical Analysis 01-24-21πŸ“ˆ
Ethereum Technical Analysis 01-25-21πŸ“ˆ
Ethereum Technical Analysis 01-26-21πŸ“‰
Ethereum Technical Analysis 01-27-21πŸ“‰
Ethereum Technical Analysis 01-28-21πŸ“ˆ
Ethereum Technical Analysis 01-29-21πŸ“ˆ
Ethereum Technical Analysis 01-30-21πŸ“ˆ
Ethereum Technical Analysis 01-31-21πŸ“‰
Ethereum Technical Analysis 02-01-21πŸ“ˆ
Ethereum Technical Analysis 02-02-21πŸ“ˆ
Ethereum Technical Analysis 02-03-21πŸ“ˆ
Ethereum Technical Analysis 02-04-21πŸ“‰
Ethereum Technical Analysis 02-05-21πŸ“ˆ
Ethereum Technical Analysis 02-07-21πŸ“ˆ
Ethereum Technical Analysis 02-08-21πŸ“ˆ
Ethereum Technical Analysis 02-09-21πŸ“‰
Ethereum Technical Analysis 02-10-21πŸ“‰
Ethereum Technical Analysis 02-11-21πŸ“ˆ
Ethereum Technical Analysis 02-12-21πŸ“ˆ
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You can reference my previous Dogecoin analysis here:
Doge Analysis 12-28-21πŸ“ˆ
Doge Analysis 01-01-21πŸ“ˆ
Doge Analysis 01-02-21πŸ“ˆ
Doge Analysis 01-11-21πŸ“‰
Doge Analysis 01-28-21πŸ“ˆ
Doge Analysis 02-04-21πŸ“ˆ
Doge Analysis 02-07-21πŸ“ˆ
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You can reference my previous Cryptomarket forecast analysis here:
Crytomarket Weekly Overview and Forecast 01-15-21 to 01-22-21πŸ”₯πŸ”₯
Crytomarket Weekly Overview and Forecast 01-22-21 to 01-29-21πŸ”₯πŸ”₯
Crytomarket Weekly Overview and Forecast 01-29-21 to 02-05-21πŸ”₯πŸ”₯
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Risk forecast guideline:
Risk Averse means you can use as defense πŸ›‘οΈ
Risk Seeking means you can use as offense βš”οΈ
Risk Neutral means no decision made and continue seeking opportunities πŸ‘οΈ
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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.

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