Here is the analysis of the trend of Bitcoin (BTC) price movement:

Short-term trend

- Price performance: According to Financial data, as of 8:47 a.m. on February 12, the price of Bitcoin was $101,696.9, a decrease of $217.9 from the previous trading day, a decrease of 0.21%. The range for the day was between $101,340.6 and $101,744.5.
- Technical indicators: Bitcoin price fluctuates near the 50-day moving average of about $98,710. The momentum indicator shows that the upward speed of the price is slowing down. In the short term, if it fails to hold above the key indicators, it may fall to the support range of $95,000. If the upward momentum regains strength, it is expected to challenge the $100,000 mark.

Medium-term trend

- Expected pullback: Currently, the daily chart shows a range-bound trend, with key support at $92,000 and resistance at $101,880. There may be a certain degree of pullback in the first and second quarters of 2025, with an estimated magnitude of around 20%, but it will not change the overall upward trend.
- Influencing factors: The gradual clarification of regulatory policies in major markets such as the United States may attract more institutional investors to enter the market, providing support for the price of Bitcoin.

Long-term trend

- Historical pattern: Based on the historical pattern that the price of Bitcoin has significantly increased after each halving event, the halving event in April 2024 may continue the upward trend in 2025, and the price is expected to surpass $100,000, or even reach over $200,000.
- Macro factors: From a macro perspective, if the global economic situation is stable or improving, investors' risk appetite may increase, and more funds may flow into the Bitcoin market; if the global economy faces uncertainty or recession risk, Bitcoin's attributes as a safe-haven asset may attract some funds, but may also face fluctuations due to factors such as regulatory policies.
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