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As of February 12, 2025, Bitcoin (BTC) is trading at approximately $96,037, reflecting a slight decrease of 1.76% from the previous close.
Technical analysis identifies key support and resistance levels that can influence Bitcoin's price movements:
Resistance Levels:
First Resistance: $98,195.66
Second Resistance: $100,053.81
Third Resistance: $101,650.13
Support Levels:
First Support: $94,741.20
Second Support: $93,144.89
Third Support: $91,286.74
These levels are derived from historical price data and can serve as indicators for potential price reversals or continuations. Traders often monitor these points to make informed decisions. It's important to note that while these levels provide guidance, market conditions can change rapidly, and other factors should also be considered when making trading decisions.