Crypto Week Ahead: BTC Reels Under Trade War Tensions, Investors Await Next Big Move

Over the past seven days, Bitcoin achieved a high of $98,569.96.

BTC dominance, at the time of writing, stood at 59.79 percent.

Source : Traxer/Unsplash

Bitcoin continues to hold steady within a narrow range, fluctuating between $96,000 and $98,000, as the cryptocurrency market demonstrates resilience amid growing macroeconomic uncertainties. Despite ongoing concerns over inflation and escalating trade war tensions springing from Donald Trump’s tariff announcements last week, Bitcoin’s price stability suggests that bullish sentiment remains strong. However, market analysts caution that this calm phase could soon give way to increased volatility, with major financial events on the horizon.

Before we proceed further, readers should note that the overall crypto market and coin prices are extremely volatile. There are no foolproof methods to ascertain how cryptocurrencies are expected to behave in the future. 

This article is aimed at helping investors stay on top of the current market scenarios and the biggest events that have already taken place as well as some upcoming occurrences that are worth noting. Investors are advised to do their research before taking any calls. 

Crypto Prices Over The Past Week

Last Monday (February 10), the overall crypto market cap stood at $3.17 trillion. BTC price stood at around $96,900. ETH price stood at around $2,600.

A week later, the overall market cap rose to $3.18 trillion.

DeFi's total volume stands at $4.95 billion, at 8.03 percent of the total market 24-hour volume. In the case of stablecoins, the overall volume stands at $55.97 billion, at 90.76 percent of the total 24-hour market volume. As per CoinMarketCap, the overall market fear and greed index stood at ‘Fear’ with 38 points (out of 100).

BTC dominance, at the time of writing, stood at 59.79 percent.

Over the past seven days, Bitcoin achieved a high of $98,569.96 (on February 14) and a low of $94,780.08 (February 12).

Ethereum, on the other hand, saw a high of $2,900.63 (February 4) and a low of $2,514.64 (February 3).

Crypto Events To Note

The cryptocurrency market continues to face downward pressure, with Bitcoin once again hovering near the $96,200 level. Analysts suggest that if BTC can maintain this support, a minor relief rally could be on the horizon before the next significant price movement. However, the broader market remains cautious following recent controversies, including the fallout from Argentina’s President launching and then distancing himself from the memecoin LIBRA. Reports indicate that wallet addresses associated with the coin’s launch amassed over $120 million in just one day, leaving many investors facing heavy losses.

Avinash Shekhar, Co-founder & CEO of Pi42, highlighted Bitcoin and XRP’s critical juncture. “Bitcoin and XRP are both at their pivotal stages, with each showing resistance and support levels. Bitcoin's $90K support reflects strength, and the $101K resistance will show price advancement. MVRV bands hint at bullish possibilities, but dipping below support might trigger short-term bearish momentum. XRP, on the other hand, has risen by 18% to test a $2.80 resistance point. Currently trading at $2.73. A breakout would propel XRP upwards, to as much as $3.30, while a failure would result in consolidation at the $1.96 support level.”

Market sentiment remains mixed, with Bitcoin’s price range tightening. Sathvik Vishwanath, CEO and co-founder of Unocoin, noted BTC’s stability, stating, “Bitcoin remains steady between $96,850 and $97,000, reflecting low volatility amid a narrow trading range. Following its $109,356 peak, BTC consolidates between $96,000 and $98,000, with support at $89,000–$91,000 and resistance near $100,000. Short-term indicators signal bearish pressure, with weak rebounds from $96,686 and resistance at $97,900–$98,000. While long-term EMAs suggest strength, declining momentum and MACD favour bears. A breakout above $100,000 could revive bullish sentiment, targeting $102,000+, while failure to hold $96,500 may trigger declines toward $91,000. Market indecision persists as traders anticipate the next major move amid weakening selling pressure and cautious accumulation.”

XRP has also experienced a surge in recent days, fueled by speculation surrounding the potential approval of a US XRP-spot ETF. Shivam Thakral, CEO of BuyUcoin, commented, “XRP has experienced a notable surge in the last 7 days, driven by growing optimism surrounding the potential approval of a US XRP-spot ETF and speculation that the SEC might withdraw its appeal. In the last 7 days, XRP gained 14% as the SEC acknowledged ETF filings from Grayscale and the NYSE, signalling a possible shift in regulatory behaviour. The acknowledgement has sparked bullish waves.”

Meanwhile, the CoinDCX Research Team noted that while major tokens such as Bitcoin, Ethereum, and XRP managed to stay above critical support levels, Solana remains under pressure. Analysts predict an 8% decline if it fails to rebound. However, projects like PancakeSwap, Sonic, and The Graph are resisting bearish trends and attempting to sustain upward momentum. A notable exception is the lost token Ultima, which has drawn significant trader interest after surging by 500% since the start of the year.

As market participants await the next big move, the coming days could prove crucial in determining whether Bitcoin and other key assets can sustain their support levels or face further declines.

What Crypto Traders Are Saying About Current Market Scenario

Alankar Patel, co-founder and CTO, Mudrex told ABP Live, "Bitcoin continues to trade in a tight range of $96,000 to $98,000. The markets showed strong resilience over the last week despite the escalating trade war tensions and unfavourable inflation numbers. This stability suggests that bullish sentiment remains intact, with investors awaiting a catalyst for the next breakout. However, investors must be prepared for a move in either direction over the coming week as key events like the FTX’s $16 billion payout and the release of FOMC minutes, could bring volatility while the market digests the shifting liquidity conditions.”

Thangapandi Durai, CEO and Founder, Koinpark, said, “I believe Bitcoin’s recent changes show how exciting and breakneck the crypto world is. While its price may go up and down, Bitcoin’s future remains strong. Changes in rules, like El Salvador ending Bitcoin as legal money and Italy’s ‘Bitcoin Valley’ growing, remind us that crypto is always evolving. At our exchange, we focus on making trading safe, easy, and innovative so our users can stay confident even when markets shift. Price drops may happen, but they also bring chances to grow and improve. With more big companies showing interest and new technology advancing every day, Bitcoin’s future looks promising. Let’s work together to build a world where crypto gives everyone financial freedom and new opportunities.”

Subscribe And Follow ABP Live On Telegram: t.me/officialabplive

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.