Bitcoin (BTC) Price Analysis – February 13

  • The BTC price ranges above the $3,600 price level.
  • If the bulls sustain their hold above the EMAs and the $3,800 resistance level is broken, the crypto will reach the highs of $4,000 and $4,200.

Bitcoin, BTCUSDBitcoin Chart By Trading View

BTCUSD Medium-term Trend: Bullish

  • Resistance levels: $7,000, $7,200, $7,400
  • Support levels: $3,400, $3,200, $3,000

The BTC price is now in the bullish trend zone. From the daily chart, the price of Bitcoin was in a bearish trend since January 10 when the bears broke the 12-day EMA and the 26-day EMA. On February 8, the bulls broke the 12-day EMA and the 26-day EMA as the price reached the bullish trend zone. It was technically assumed that the bullish trend might have begun in earnest.

The crypto’s price is ranging above the $3,600 price level after the price was resisted at the $3,800. On the upside, if the bulls sustain their hold above the EMAs and the $3,800 resistance level is broken, the crypto will reach the highs of $4,000 and $4,200. On the downside, if the bears break below the EMAs, the crypto will resume its downward trend.

Meanwhile, the stochastic band is at the overbought region but below the 80% range which indicates that the crypto is in a bearish momentum and a sell signal.

BTC/USD Short-term Trend: Ranging

Bitcoin, BTCUSDBitcoin Chart By Trading View

On the 4-hour chart, the price of Bitcoin is in a bullish trend zone. On February 8, the crypto’s price was in a sideways trend after the resistance at the $3,700 price level. On February 11, the bulls were resisted at $3,750 price level. The crypto’s price has fallen to the support of the 26-day EMA.

Nevertheless, if the bears break the EMAs or the $3,600 price level, the crypto is likely to fall into the bearish trend zone. The stochastic indicator is out of the overbought region and below the 40% range which indicates that the price is in a bearish momentum and a sell signal.


The views and opinions expressed here do not reflect that of and do not constitute financial advice. Always do your own research.

Hamas' Military Wing Asks Supporters for Bitcoin Donations, Again

Francisco Memoria

The Al-Qassam Brigades, the military wing of an organization designated as a terrorist group in Europe and the United States currently in control of the Gaza Strip, Hamas, have recently called on supporters for Bitcoin donations.

According to the Israel National News, the group has asked for cryptocurrency donations through a special page on its website that asked supporters for BTC to “Support the Resistance,” in a campaign that sees it state there’s a duty to “support jihad because Jerusalem is an integral part of the Islamic faith.”

This is notably not the first time the group asks its supporters for donations in the flagship cryptocurrency. Back in January, CryptoGlobe reported that a Hamas spokesperson, Abu Obeida, asked supporters for BTC via Instagram, in a post that read:

The Zionist enemy fights the Palestinian resistance by trying to cut aid to the resistance by all means, but lovers of resistance around the world fight these Zionist attempts and seek all possible means to aid the resistance.

The group has reportedly been looking to raise funds via cryptocurrency as it has faced financial woes in the last few years, as banks throughout the world have been distancing themselves from the organization. Hamas’ representative blamed Israel for its current situation earlier this year.

Hamas Tried To Raise Funds Through Coinbase

As reported, Israel-based blockchain intelligence startup Whitestream tracked down two bitcoin donations the cash-strapped group received after the January plea. Per Whitestream, Hamas’ address showed the group was using Coinbase, and received “two relatively small bitcoin donations” amounting to “only $2,500.”

These are said to have come from a bitcoin trader in Khan Yunes, a small town located in the Gaza Strip. Hamas, at the time, published two bitcoin addresses to receive funds, and the Israeli-based firm believes it had to do so after Coinbase blocked the first one.

Notably, the group’s military wing is asking for donations shortly after a Gaza rocket hit a home in central Israel, according to the BBC.