As of February 10, 2025, Bitcoin’s (BTC) price is approximately $97,307, reflecting an increase of $1,256 (0.01308%) from the previous close. The day’s trading range has seen a high of $98,350 and a low of $94,747.
Recently, the Moving Average Convergence Divergence (MACD) indicator for Bitcoin has turned negative for the first time since October 2024. The MACD is a momentum oscillator that traders use to identify potential trend reversals. A bearish crossover, where the MACD line crosses below the signal line, can suggest a shift from bullish to bearish momentum.
This bearish signal coincides with recent announcements from President Donald Trump regarding the imposition of new tariffs. On February 9, 2025, President Trump indicated plans to implement a 25% tariff on all steel and aluminum imports, with additional reciprocal tariffs on other countries to follow. Such trade policies can introduce economic uncertainty, potentially leading to increased market volatility.
The upcoming release of the Consumer Price Index (CPI) on February 12, 2025, is another critical factor that could influence Bitcoin’s price. The CPI measures changes in the price level of a basket of consumer goods and services and is a key indicator of inflation. Analysts anticipate a 0.3% month-over-month increase in core inflation, up from a 0.2% rise in December. Higher-than-expected inflation figures could lead to concerns about the Federal Reserve’s monetary policy, potentially affecting risk assets like Bitcoin.
Given these developments, traders are closely monitoring Bitcoin’s price action, especially the key support level around $90,000. A decisive break below this support could validate the bearish MACD signal, potentially leading to further downside. Conversely, holding above this level might suggest resilience and the possibility of a rebound.
In summary, Bitcoin is navigating a complex landscape shaped by technical indicators and macroeconomic factors. Market participants should stay vigilant, considering both chart patterns and economic data releases, to make informed decisions in this dynamic environment.
