Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Bitcoin breaks lower and below a floor area between $90742 to $92092

February 25, 2025 at 02:07PM
The price of Bitcoin has broken lower, falling below a key floor in the $90,742–$92,092 swing area, a level dating back to November. A previous dip below this zone on January 13 was short-lived, with a low at $89,164 before a sharp rebound that led to the all-time high of $109,356 on January 20.

Since that high, Bitcoin has revisited the floor, bounced, and consolidated before yesterday’s breakdown, which accelerated today with increased downside momentum. With the floor now acting as resistance, buyers must reclaim this level to regain control. Failing that, sellers remain in charge.

On the downside, today’s low found support at the 38.2% retracement of the August 2024 rally at $86,520. Holding this level keeps buyers in the game, suggesting a potential retracement-driven correction rather than a full reversal. However, to shift the bias back upward, the price must reclaim the former floor—now a ceiling.

For now, sellers have the technical edge. Can they maintain the momentum? What we do know is the technical roadmap is known.

This article was written by Greg Michalowski at www.forexlive.com.

Bitcoin breaks lower and below a floor area between $90742 to $92092