Bitcoin's Bullish Odds Surge as Bears Lose Steam

Cryptocurrency markets saw mixed movements on Feb. 14, with Bitcoin (BTC) trading in a tight range, indicating indecision among investors. However, analysts remain optimistic about Bitcoin's potential to reach new all-time highs. Derive head of research Dr. Sean Dawson predicted a 44.4% chance of Bitcoin hitting $125,000 by late June, up from a previous estimate of 41.9%. Meanwhile, the likelihood of Bitcoin dropping to $75,000 before June has decreased to 12.1% from 17.8%.

Ether (ETH) also showed signs of a potential turnaround, with Tyr Capital co-founder Ed Hindi suggesting that the cryptocurrency has reached peak 'bearishness' and weak hands have been flushed out. Hindi expects institutional investors holding Bitcoin to add Ether to their portfolios, which could trigger a price reversal. However, in the near term, institutional traders seem cautious about Bitcoin, as Bitcoin spot exchange-traded funds have recorded four consecutive days of outflows since Feb. 10.

Bitcoin price analysis indicates that the cryptocurrency has been trading below 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 and potentially rally to $102,500 and later to $106,500. However, this positive view will be invalidated if the price turns down and breaks below $94,000, which could lead to a plunge to critical support at $90,000.

Ether price analysis shows that Ether is trying to start a recovery, but it is likely to face resistance at the 20-day EMA ($2,847) and then at 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 crucial support at $2,520. The bulls will try to defend the level, but if the bears prevail, the pair could extend the fall to $2,400 and subsequently to $