$BTC
BTC/ 12 hours
Daily Bitcoin Report (02/12/2025)
Bitcoin (BTC) shows a partial recovery, priced near US$ 91,300 — reflecting a return after a sharp drop to around US$ 82,000. Volatility remains high, with an intraday range of approximately US$ 86,200 to US$ 92,300.
In the medium-term technical chart, Bitcoin is still below its 100 and 200-day moving averages, reinforcing the structural bearish bias. In the short term, an important support level appears to be between US$ 85,000–86,000, while relevant resistance is close to US$ 90,000–92,000.
The market dominance of BTC — the ratio of its market capitalization to that of the entire crypto market — has not decisively recovered since the last sharp drop, suggesting that investors have not yet strongly migrated from altcoins to BTC.
From an on-chain perspective, recent studies indicate an increase in network concentration: even though it is decentralized by definition, the distribution structure shows few large “nodes” — something that may favor intense movements when whales decide to move.
Finally, the macro environment is weighing: signs of external monetary tightening and lower global risk appetite reduce the flow to crypto assets.
Short-term implication: Bitcoin may remain stuck between US$ 85,000 and US$ 92,000 in the absence of strong catalysts (such as institutional flow or macroeconomic change). If it breaks strongly above US$ 92,000, there is a chance to reverse to an upward trend — but if it loses the support levels, a drop to lower levels cannot be ruled out.
