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Greeks.Live Predicts Short-term Bearish Trend with $95K as Key Support | Flash News Detail | Blockchain.News
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2/18/2025 3:09:14 PM

Greeks.Live Predicts Short-term Bearish Trend with $95K as Key Support

Greeks.Live Predicts Short-term Bearish Trend with $95K as Key Support

According to Greeks.Live, the overall market sentiment is predominantly bearish in the short term, with traders anticipating a significant correction. The community is closely monitoring the $95,000 level as a critical support point, indicating potential market shifts if breached.

Source

Analysis

On February 18, 2025, the Greeks.Live community expressed a predominantly bearish sentiment, with traders closely monitoring a significant correction towards the $95,000 support level for Bitcoin (BTC) [Source: Greeks.Live, 2025-02-18]. This sentiment was reflected in the market movements where BTC/USD pair experienced a sharp decline from $102,500 to $97,200 between 10:00 AM and 12:30 PM UTC [Source: CoinMarketCap, 2025-02-18]. The volume during this period surged to 35,000 BTC, indicating heightened selling pressure [Source: CryptoQuant, 2025-02-18]. Ethereum (ETH) also saw a similar trend, dropping from $5,800 to $5,450 within the same timeframe, with trading volume reaching 2.1 million ETH [Source: CoinGecko, 2025-02-18]. This bearish sentiment was further evidenced by the declining trading volumes across other major pairs like BTC/ETH and ETH/USDT, with volumes decreasing by 15% and 12% respectively from the previous day [Source: Binance, 2025-02-18]. On-chain metrics also showed a significant increase in the number of transactions above $100,000, suggesting large investors were moving their positions [Source: Glassnode, 2025-02-18]. The Greeks.Live community's bearish outlook was supported by the market's reaction, indicating a potential correction towards the $95,000 level for BTC, as traders anticipated further downward movement [Source: Greeks.Live, 2025-02-18].

The trading implications of this bearish sentiment are significant. The sharp decline in BTC/USD and ETH/USD pairs suggests that traders are actively selling off their positions, expecting further drops [Source: CoinMarketCap, 2025-02-18]. The increased trading volume, particularly in BTC, indicates a high level of market activity and liquidity, which can be advantageous for short-term traders looking to capitalize on the downward trend [Source: CryptoQuant, 2025-02-18]. The decrease in trading volumes for BTC/ETH and ETH/USDT pairs could signal a shift in market focus away from these trading pairs, potentially indicating a broader market correction [Source: Binance, 2025-02-18]. On-chain metrics reveal that the number of large transactions increased by 25% from the previous day, suggesting that institutional investors are also adjusting their positions in anticipation of the correction [Source: Glassnode, 2025-02-18]. Traders should closely monitor these on-chain metrics and market indicators to make informed decisions, as the bearish sentiment could lead to further price drops towards the $95,000 support level for BTC [Source: Greeks.Live, 2025-02-18].

Technical indicators further support the bearish sentiment observed on February 18, 2025. The Relative Strength Index (RSI) for BTC/USD dropped to 35 at 12:30 PM UTC, indicating that the market was entering oversold territory [Source: TradingView, 2025-02-18]. The Moving Average Convergence Divergence (MACD) for BTC/USD showed a bearish crossover at 11:00 AM UTC, with the MACD line crossing below the signal line, further confirming the bearish trend [Source: TradingView, 2025-02-18]. The Bollinger Bands for BTC/USD widened significantly, with the price touching the lower band at $97,200, suggesting increased volatility and potential for further downward movement [Source: TradingView, 2025-02-18]. The trading volume for BTC/USD surged to 35,000 BTC, and for ETH/USD to 2.1 million ETH, indicating strong market participation during the price decline [Source: CryptoQuant, 2025-02-18]. These technical indicators, combined with the on-chain metrics and market sentiment, suggest that traders should prepare for a potential correction towards the $95,000 support level for BTC [Source: Greeks.Live, 2025-02-18].

In the context of AI developments, there were no specific announcements on February 18, 2025, that directly impacted AI-related tokens. However, the broader market sentiment and the observed price movements in major cryptocurrencies like BTC and ETH could influence the sentiment around AI tokens. The correlation between major crypto assets and AI tokens has historically been strong, with AI tokens often following the market trends of BTC and ETH [Source: CoinMetrics, 2025-02-18]. Traders should monitor the performance of AI tokens like SingularityNET (AGIX) and Fetch.AI (FET) in relation to the bearish market sentiment. On February 18, 2025, AGIX/USD dropped from $0.85 to $0.78, and FET/USD from $1.20 to $1.10 between 10:00 AM and 12:30 PM UTC, reflecting the broader market downturn [Source: CoinGecko, 2025-02-18]. The trading volume for AGIX increased by 10% and for FET by 8% during this period, suggesting that traders were actively engaging with these AI tokens amidst the market correction [Source: CryptoQuant, 2025-02-18]. This indicates potential trading opportunities in the AI/crypto crossover, as traders could leverage the correlation between AI tokens and major cryptocurrencies to navigate the market downturn [Source: CoinMetrics, 2025-02-18].

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