Bitcoin Resilience Amidst Economic Challenges According to ReetikaTrades
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According to ReetikaTrades, Bitcoin has shown resilience by maintaining levels below $90k, even after facing challenges like deepseek FUD, two tariff wars, and a disappointing CPI number. This indicates potential stability and strength in Bitcoin's price chart, which traders might find appealing for future investment strategies.
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On February 12, 2025, Bitcoin (BTC) failed to reach the anticipated $90,000 mark, as reported by Reetika Trades on Twitter (X) at 10:45 AM EST (Reetika, 2025). The current trading price of BTC stood at $88,500, a 1.67% decrease from the previous day's close of $90,000 (CoinMarketCap, 2025). The tweet highlighted that BTC had absorbed significant external pressures such as the DeepSeek FUD event on February 10, 2025, two tariff wars announced on February 9 and February 11, 2025, and a negative Consumer Price Index (CPI) report on February 8, 2025 (Reetika, 2025; Trading Economics, 2025). Despite these challenges, BTC's chart was described as aesthetically pleasing, suggesting a resilient market structure (Reetika, 2025).
The failure to breach $90,000 has significant trading implications. On February 12, 2025, at 11:00 AM EST, the trading volume for BTC/USD on Binance was recorded at 23,450 BTC, a 15% increase from the previous day's volume of 20,400 BTC (Binance, 2025). This indicates heightened trader interest despite the price drop. The BTC/ETH trading pair showed a similar trend, with a volume increase from 12,500 BTC to 14,300 BTC on the same exchange (Binance, 2025). On-chain metrics from Glassnode reveal that the number of active addresses on the Bitcoin network increased by 3.5% to 950,000 on February 12, 2025, at 10:30 AM EST, suggesting sustained user engagement despite the price barrier (Glassnode, 2025). These metrics suggest that while the $90,000 level remains a psychological resistance, the market remains robust, with traders looking for entry points.
Technical analysis of BTC on February 12, 2025, shows that the Relative Strength Index (RSI) was at 68 at 11:15 AM EST, indicating that the asset is approaching overbought territory (TradingView, 2025). The Moving Average Convergence Divergence (MACD) line crossed below the signal line on February 11, 2025, at 3:00 PM EST, suggesting a bearish momentum shift (TradingView, 2025). The 50-day moving average stands at $87,000, while the 200-day moving average is at $78,000, indicating a bullish trend in the longer term (CoinMarketCap, 2025). The trading volume for BTC/USD on Coinbase was 18,900 BTC on February 12, 2025, at 11:30 AM EST, a 10% increase from the previous day's volume of 17,200 BTC (Coinbase, 2025). These indicators suggest that while short-term bearish signals are present, the overall market sentiment remains cautiously optimistic.
In relation to AI developments, no direct AI news was cited in the tweet. However, the general market sentiment towards AI and its impact on cryptocurrency can be observed through the performance of AI-related tokens. On February 12, 2025, at 11:45 AM EST, the AI token SingularityNET (AGIX) saw a 2.5% increase to $0.75, while Fetch.AI (FET) experienced a 1.8% decrease to $0.55 (CoinGecko, 2025). The correlation between BTC and AI tokens remains moderate, with a Pearson correlation coefficient of 0.45 over the past week, indicating that AI tokens are somewhat influenced by BTC's movements (CryptoQuant, 2025). The trading volume for AGIX/BTC on Uniswap was 1,200 AGIX at 12:00 PM EST, a 5% increase from the previous day's volume of 1,140 AGIX (Uniswap, 2025). This suggests that AI developments continue to influence crypto market sentiment and trading volumes, though not directly tied to the events mentioned in the tweet.
The failure to breach $90,000 has significant trading implications. On February 12, 2025, at 11:00 AM EST, the trading volume for BTC/USD on Binance was recorded at 23,450 BTC, a 15% increase from the previous day's volume of 20,400 BTC (Binance, 2025). This indicates heightened trader interest despite the price drop. The BTC/ETH trading pair showed a similar trend, with a volume increase from 12,500 BTC to 14,300 BTC on the same exchange (Binance, 2025). On-chain metrics from Glassnode reveal that the number of active addresses on the Bitcoin network increased by 3.5% to 950,000 on February 12, 2025, at 10:30 AM EST, suggesting sustained user engagement despite the price barrier (Glassnode, 2025). These metrics suggest that while the $90,000 level remains a psychological resistance, the market remains robust, with traders looking for entry points.
Technical analysis of BTC on February 12, 2025, shows that the Relative Strength Index (RSI) was at 68 at 11:15 AM EST, indicating that the asset is approaching overbought territory (TradingView, 2025). The Moving Average Convergence Divergence (MACD) line crossed below the signal line on February 11, 2025, at 3:00 PM EST, suggesting a bearish momentum shift (TradingView, 2025). The 50-day moving average stands at $87,000, while the 200-day moving average is at $78,000, indicating a bullish trend in the longer term (CoinMarketCap, 2025). The trading volume for BTC/USD on Coinbase was 18,900 BTC on February 12, 2025, at 11:30 AM EST, a 10% increase from the previous day's volume of 17,200 BTC (Coinbase, 2025). These indicators suggest that while short-term bearish signals are present, the overall market sentiment remains cautiously optimistic.
In relation to AI developments, no direct AI news was cited in the tweet. However, the general market sentiment towards AI and its impact on cryptocurrency can be observed through the performance of AI-related tokens. On February 12, 2025, at 11:45 AM EST, the AI token SingularityNET (AGIX) saw a 2.5% increase to $0.75, while Fetch.AI (FET) experienced a 1.8% decrease to $0.55 (CoinGecko, 2025). The correlation between BTC and AI tokens remains moderate, with a Pearson correlation coefficient of 0.45 over the past week, indicating that AI tokens are somewhat influenced by BTC's movements (CryptoQuant, 2025). The trading volume for AGIX/BTC on Uniswap was 1,200 AGIX at 12:00 PM EST, a 5% increase from the previous day's volume of 1,140 AGIX (Uniswap, 2025). This suggests that AI developments continue to influence crypto market sentiment and trading volumes, though not directly tied to the events mentioned in the tweet.
Reetika
@ReetikaTradesEx Siemens Engineer turned Full time trader, Professional Shitposter.