10.02.202515:38 Forex Analysis & Reviews: Trading Signals for BITCOIN (XAU/USD) for February 10-12, 2025: buy above $96,000 (200 EMA - 3/8 Murray)

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Bitcoin is trading around 97,856 above the 21 SMA and above 3/8 of Murray, showing a slight recovery after having reached the $94,000 area.

Bitcoin serves as a refuge from market fears. This feature could push the leading cryptocurrency to reach the psychological level of $100,000. Above this area, BTC could reach 106,250 again where 6/8 Murray is located.

On the contrary, if Bitcoin continues its technical correction and consolidates below 93,750, which represents strong support, we could expect it to reach 1/8 Murray located at 90,625 and even $85,000.

Given that we are observing an uptrend, we will look for opportunities to buy Bitcoin above $96,000 with a target at $106,000. On the other hand, if there is a strong rejection around the psychological level of $100,000, it will be seen as an opportunity to sell.

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