Daily Trading Analysis: A Detailed Breakdown of Market Momentum BTC - 13th FEB 2025
BTC Price Action Overview
Bitcoin experienced a sharp sell-off following Wednesday’s New York trading session, rejecting the $98,000 price level. This drop found some support around $95,800, but during the NY session on the 13th, BTC broke down further to $95,300 on the 30-minute timeframe before buyers stepped in, pushing the price to close at $96,400, finishing the session on a bullish note.
In after-hours trading, BTC initially rejected the 200 EMA, but strong support at the 50 EMA allowed for a bullish breakout above the 200 EMA. This movement has resulted in a classic bullish structure pattern, forming higher highs and higher lows, suggesting a potential momentum shift.
30-Minute Chart Analysis
Key Support & Resistance Levels:
Immediate resistance: $96,069.8 and $97,254.2
Major resistance: $98,015.6 and $98,438.6
Key support levels: $95,830.6, $95,353.7, and $94,531.0
Trend & Structure:
BTC is currently above the 50 EMA (96,418.5) but below the 200 EMA (96,601.8), reflecting short-term bullishness with medium-term uncertainty.
A possible breakout attempt is emerging from the consolidation zone.
A green trendline is acting as dynamic support, repeatedly tested and holding strong.
RSI & Divergence:
RSI is at 54.03, placing it in a neutral zone without immediate overbought or oversold conditions.
Previous bearish divergences may still influence price action, but no fresh divergence signals have appeared.
Conclusion:
If BTC holds above 96,069.8, a retest of 97,254.2 is likely.
A break below 95,830.6 could lead to a downside move towards 95,353.7 or 94,531.0.
Daily Chart Analysis
Key Observations:
BTC remains in a downward correction following the December peak.
A breakout from the red downward trendline hints at a possible bullish momentum shift.
The price is currently testing previous resistance-turned-support around 96,500.
The 50 EMA (98,111.2) is acting as strong resistance.
The 200 EMA (84,515.0) remains far below, indicating that the longer-term trend is still intact.
RSI & Divergence:
RSI is at 44.36, indicating weak but recovering momentum.
A bullish RSI divergence has formed, signaling a potential reversal.
The confirmed bearish divergence at the December peak led to the current downward trend.
Conclusion:
BTC must hold above the trendline support for bullish confirmation.
Breaking 98,111.2 (50 EMA) would signal further upside potential.
If BTC fails to hold, a drop towards the 92,000 - 94,000 range is possible.
Final Thoughts & Trading Strategy
Short-term (30-min chart): Watch for a breakout above 96,069.8 to confirm further upside movement.
Medium-term (Daily chart): Bullish recovery is in progress, but BTC must break the 50 EMA (98,111.2) for confirmation.
Bearish scenario: Losing 95,830.6 could accelerate downside momentum towards 94,531.0.
Traders are watching closely, as BTC sits at a critical decision point. Lower-than-usual volume despite positive news suggests caution, but a confirmed breakout could trigger a strong move. Stay prepared!
