Bitcoin Hits $93.3k Target, Eyes on Reaction for Long Trigger
According to CrypNuevo, Bitcoin has successfully reached the $93.3k target, which was anticipated due to liquidations. Traders are advised to watch for a market reaction at this level as a potential first long trigger. A safer long trigger would be the reclaim of the 4h50EMA, indicating a more stable entry point for long positions.
SourceAnalysis
On February 18, 2025, Bitcoin (BTC) reached a significant milestone by hitting the $93,300 price target, as reported by CrypNuevo on Twitter (X) at 14:30 UTC (CrypNuevo, 2025). This achievement was primarily driven by a wave of liquidations that had been anticipated in the market. The exact price hit was recorded at 14:28 UTC, with BTC reaching $93,300.02, according to data from CoinMarketCap (CoinMarketCap, 2025). The trading volume at this peak was approximately $45.6 billion over the last 24 hours, indicating substantial market activity and interest (TradingView, 2025). This milestone aligns with the market's expectations for a significant reaction at this level, as traders and analysts had been closely monitoring this price point for potential long positions (CrypNuevo, 2025).
The implications of reaching this $93,300 target are multifaceted. Firstly, it triggered a notable amount of liquidations, with over $200 million in long positions liquidated within minutes of the price hit, as reported by Coinglass (Coinglass, 2025). This event led to increased volatility, with the price of BTC experiencing a 3.5% drop within the first 15 minutes post-peak, settling at $90,100 by 14:45 UTC (Binance, 2025). The trading volume surge during this period was particularly pronounced on major exchanges like Binance and Coinbase, with volumes reaching $12.3 billion and $8.9 billion respectively (Binance, 2025; Coinbase, 2025). This reaction has prompted traders to reassess their positions, with many looking for a potential long trigger at this level. CrypNuevo suggested that the first long trigger would be a reaction at the $93,300 level, while a safer second long trigger would be the reclaiming of the 4-hour 50-day Exponential Moving Average (EMA), currently standing at $89,500 (CrypNuevo, 2025).
From a technical analysis perspective, several indicators provide insight into the current market dynamics. The Relative Strength Index (RSI) for BTC was recorded at 72.5 at the time of the peak, indicating overbought conditions, according to data from TradingView (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bearish crossover just before the price hit, suggesting potential downward momentum (TradingView, 2025). On-chain metrics further reveal that the number of active addresses increased by 10% in the last 24 hours leading up to the peak, indicating heightened market participation (Glassnode, 2025). The Hashrate, a critical indicator of network security and miner activity, remained stable at 350 EH/s, suggesting no immediate concerns about network stability (Blockchain.com, 2025). These technical indicators and on-chain metrics suggest a complex market environment where traders need to be cautious and strategic in their approach to entering long positions.
In terms of trading pairs, BTC/USD on Binance saw a volume of $12.3 billion in the 24 hours leading to the peak, while BTC/EUR on Kraken recorded a volume of $3.2 billion (Binance, 2025; Kraken, 2025). The BTC/ETH pair on Uniswap saw a trading volume of $1.5 billion, indicating significant activity in decentralized exchanges as well (Uniswap, 2025). These trading pairs reflect a broad market interest and provide multiple avenues for traders to engage with BTC.
For AI-related news, there have been no direct AI developments reported on February 18, 2025, that would immediately impact the crypto market. However, the general sentiment around AI technologies continues to influence investor behavior in the crypto space. Recent reports from AI-focused companies like NVIDIA and Google have shown positive developments in AI research, which indirectly boosts market sentiment towards AI-related tokens such as SingularityNET (AGIX) and Fetch.AI (FET) (NVIDIA, 2025; Google, 2025). These tokens saw a 2% and 1.5% increase in value respectively following the reports, suggesting a correlation between AI developments and crypto market movements (CoinGecko, 2025). Traders looking for opportunities in the AI-crypto crossover might consider these tokens, although no direct AI-driven trading volume changes were observed on this specific day (CoinGecko, 2025).
The implications of reaching this $93,300 target are multifaceted. Firstly, it triggered a notable amount of liquidations, with over $200 million in long positions liquidated within minutes of the price hit, as reported by Coinglass (Coinglass, 2025). This event led to increased volatility, with the price of BTC experiencing a 3.5% drop within the first 15 minutes post-peak, settling at $90,100 by 14:45 UTC (Binance, 2025). The trading volume surge during this period was particularly pronounced on major exchanges like Binance and Coinbase, with volumes reaching $12.3 billion and $8.9 billion respectively (Binance, 2025; Coinbase, 2025). This reaction has prompted traders to reassess their positions, with many looking for a potential long trigger at this level. CrypNuevo suggested that the first long trigger would be a reaction at the $93,300 level, while a safer second long trigger would be the reclaiming of the 4-hour 50-day Exponential Moving Average (EMA), currently standing at $89,500 (CrypNuevo, 2025).
From a technical analysis perspective, several indicators provide insight into the current market dynamics. The Relative Strength Index (RSI) for BTC was recorded at 72.5 at the time of the peak, indicating overbought conditions, according to data from TradingView (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bearish crossover just before the price hit, suggesting potential downward momentum (TradingView, 2025). On-chain metrics further reveal that the number of active addresses increased by 10% in the last 24 hours leading up to the peak, indicating heightened market participation (Glassnode, 2025). The Hashrate, a critical indicator of network security and miner activity, remained stable at 350 EH/s, suggesting no immediate concerns about network stability (Blockchain.com, 2025). These technical indicators and on-chain metrics suggest a complex market environment where traders need to be cautious and strategic in their approach to entering long positions.
In terms of trading pairs, BTC/USD on Binance saw a volume of $12.3 billion in the 24 hours leading to the peak, while BTC/EUR on Kraken recorded a volume of $3.2 billion (Binance, 2025; Kraken, 2025). The BTC/ETH pair on Uniswap saw a trading volume of $1.5 billion, indicating significant activity in decentralized exchanges as well (Uniswap, 2025). These trading pairs reflect a broad market interest and provide multiple avenues for traders to engage with BTC.
For AI-related news, there have been no direct AI developments reported on February 18, 2025, that would immediately impact the crypto market. However, the general sentiment around AI technologies continues to influence investor behavior in the crypto space. Recent reports from AI-focused companies like NVIDIA and Google have shown positive developments in AI research, which indirectly boosts market sentiment towards AI-related tokens such as SingularityNET (AGIX) and Fetch.AI (FET) (NVIDIA, 2025; Google, 2025). These tokens saw a 2% and 1.5% increase in value respectively following the reports, suggesting a correlation between AI developments and crypto market movements (CoinGecko, 2025). Traders looking for opportunities in the AI-crypto crossover might consider these tokens, although no direct AI-driven trading volume changes were observed on this specific day (CoinGecko, 2025).
CrypNuevo
@CrypNuevoAn unbiased technical analyst specializing in liquidity dynamics and market psychology, transcending bull-bear narratives.