Price analysis 2/19: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, LINK, XLM, LTC
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Bitcoin remains stuck inside the range, with no clear indication of a price breakout or breakdown.
On Feb. 9, Bitcoin (BTC) briefly rallied above $96,500, but the general daily price action has been more of the same sideways range trading as traders await a catalyst to start a trending move. The longer the price remains in a range, the stronger the eventual breakout or breakdown from it.
CryptoQuant CEO Ki Young Ju said in a post on X that Bitcoin would remain in a bull phase even with a 30% drop to $77,000, based on historical cyclical patterns. In a separate “Quicktake” blog post, CryptoQuant contributing analyst Timo Oinonen said that a sharp correction in Bitcoin “could be multiple months or even a year away.”
Crypto market data daily view. Source: Coin360
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