Bitcoin's price fell below the $94,000 mark, sparking interest among institutional investors and analysts. Let's explore the key points and possible future scenarios.
Wall Street buying can't stop Bitcoin price drop
Data shows selling pressure as the US trading session opens. Despite this, institutional bots continue buying Bitcoin using TWAP strategies. 'The week is getting off to an interesting start,' writes Material Indicators on their X platform.
Technical signals analysis and potential developments
Popular traders predict short-term relief for Bitcoin following the sharp fall. CrypNuevo suggests the market must react soon. 'Now looking for a reaction from this area without knife-catching,' he adds.
Bitcoin's position before monthly close
Traders analyze the need for Bitcoin to consolidate above certain levels before the month's end. Analyst Rekt Capital highlights the importance of closing above the bull flag top and $96,700 level to confirm the breakout.
February has proven to be a challenging month for Bitcoin. Market conditions and institutional investors' actions create complex challenges that demand close attention.
