"Bitcoin, Ether: Bulls Eye $125K, $2.8K as Institutions Hedge"

Cryptocurrency markets saw mixed movements on Feb. 14, with Bitcoin (BTC) and several altcoins trading within tight ranges, indicating indecision among investors. However, analysts remain optimistic about the long-term prospects of both Bitcoin and Ether (ETH).

Derive head of research Dr. Sean Dawson noted in a Feb. 13 report that the likelihood of Bitcoin hitting $125,000 by late June has increased to 44.4%, while the probability of a drop to $75,000 has decreased to 12.1%. Meanwhile, Tyr Capital co-founder Ed Hindi expects institutional investors holding Bitcoin to add Ether to their portfolios, potentially causing a price reversal for ETH.

Despite the bullish outlook, institutional traders appear cautious about Bitcoin in the near term. Farside Investors data shows that Bitcoin spot exchange-traded funds have recorded four consecutive days of outflows since Feb. 10.

Analysts are closely watching the charts of the top 10 cryptocurrencies to determine if Bitcoin can break above the overhead resistance and pull altcoins higher.

Bitcoin price analysis

Bitcoin has been trading below the moving averages for the past few days, but the bears have failed to sink the price to $90,000. This suggests that selling pressure is drying up at lower levels. If buyers push the price above the moving averages, the BTC/USDT pair could challenge the $100,000 level, with potential targets of $102,500 and $106,500.

However, if the price turns down and breaks below $94,000, the pair could plunge to critical support at $90,000. Buyers are expected to defend this level with all their might, as a break below it would signal a double-top pattern.

Ether price analysis

Ether is trying to start a recovery, but it is likely to face resistance at the 20-day EMA ($2,847) and the downtrend line. If the price turns down from the 20-day EMA, the bears will try to pull the ETH/USDT pair to the