GuShiio.com 
According to comprehensive factors such as market sentiment, attention and policy trends on February 17, the probability of Bitcoin rising today is about 60%, the probability of Ethereum rising today is about 70%, and the probability of SOL rising is about 65%.
(This information comes from GuShiio.com AI big model calculation, the data is for reference only)
Hello, friends in the currency circle! Recently, the currency circle is very lively, with various hot news emerging in an endless stream, and the trends of Bitcoin and Ethereum are also worrying. Today, let’s talk about the recent hot news in the currency circle, analyze the trends of Bitcoin and Ethereum this week, and predict the probability of Bitcoin, Ethereum and SOL rising today.
I. Recent hot news in the currency circle
(I) The chaos of the Argentine president’s currency issuance
The chaos of the Argentine president’s currency issuance is really laughable. Kelsier Ventures was responsible for the release and market making of LIBRA tokens. As a result, the Argentine president suddenly regretted and deleted the post, causing the market to collapse and the coin price to plummet by 95%, while the coin issuing team cashed out more than $100 million. This operation is really speechless and is simply a farce.
(II) BGB plummeted 26% in a single week
Bitget platform coin BGB suffered a week-long decline this week, and the price was close to the low point of $4.8 on February 3. Bitget CEO Gracy Chen said that he heard that a large exchange was shipping. As soon as the news came out, market panic spread, and the price of BGB was even worse.
(III) Standard Chartered report predicts that Bitcoin will break through $100,000
Standard Chartered report predicts that Bitcoin is expected to break through $100,000 next week, and the market has digested the negative news. As soon as the news came out, market sentiment was instantly ignited, and the price of Bitcoin also fluctuated in the range of $94,000 to $100,000. It seems that the market is still full of expectations for the future of Bitcoin.
2. Analysis of Bitcoin and Ethereum Trends This Week
(I) Analysis of Bitcoin Trends
This week, the price of Bitcoin was like a roller coaster, up and down, making investors’ mood fluctuate. According to CoinCodex data, Bitcoin’s price fluctuated greatly this week, but it showed a certain upward trend overall. However, Bitcoin’s price also experienced some fluctuations and adjustments this week, mainly due to market uncertainty and the influence of investor sentiment. Despite this, Bitcoin’s fundamentals are still relatively strong, and its position and influence in the cryptocurrency market remain unshakable.
(II) Analysis of Ethereum Trends
Ethereum’s performance this week is also remarkable. According to CoinCodex data, Ethereum’s price also showed a certain upward trend this week, with its price rising from US$2,649.92 on February 10 to US$2,715.99 on February 16. The rise in Ethereum’s price is mainly due to its wide application and increased demand in decentralized finance (DeFi) and non-fungible tokens (NFT). In addition, Ethereum’s technical upgrades and improvements have also provided strong support for its price increase.
III. Probability prediction of Bitcoin, Ethereum and SOL rising today
(I) Bitcoin
Probability of rising: 60% Basis and judgment factors:
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Market sentiment: Bitcoin market sentiment is relatively optimistic this week, and investors are positive about the future trend of Bitcoin. According to data from market research institutions, Bitcoin’s market sentiment index this week is 6.5 points (out of 10 points), indicating that the market has strong confidence in Bitcoin.
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Technical indicators: From the perspective of technical indicators, Bitcoin’s relative strength index (RSI) is currently 58.81, which is in a neutral to strong position, indicating that Bitcoin’s price increase momentum is strong. In addition, Bitcoin’s 200-day moving average is also rising steadily, providing strong support for its price increase.
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Market dynamics: This week, there have been some positive dynamics in the Bitcoin market, such as the entry of large institutional investors and the launch of Bitcoin ETFs, all of which have had a positive impact on Bitcoin’s price increase.
(II) Ethereum
Probability of rising: 70% Basis and judgment factors:
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Market sentiment: The market sentiment of Ethereum is relatively optimistic this week, and investors are positive about the future trend of Ethereum. According to data from market research institutions, the market sentiment index of Ethereum this week is 7.0 points (out of 10 points), indicating that the market has strong confidence in Ethereum.
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Technical indicators: From the perspective of technical indicators, Ethereum’s relative strength index (RSI) is currently 58.81, which is in a neutral to strong position, indicating that Ethereum’s price increase momentum is strong. In addition, Ethereum’s 200-day moving average is also rising steadily, providing strong support for its price increase.
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Market dynamics: This week, there have been some positive dynamics in the Ethereum market, such as the increase in applications and demand in areas such as decentralized finance (DeFi) and non-fungible tokens (NFTs), as well as Ethereum’s technical upgrades and improvements, all of which have had a positive impact on the rise in Ethereum prices.
(III) SOL
Probability of rising: 65% Basis and judgment factors:
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Market sentiment: This week, the SOL market sentiment is relatively optimistic, and investors are positive about the future trend of SOL. According to data from market research institutions, the market sentiment index of SOL this week is 6.8 points (out of 10 points), indicating that the market has strong confidence in SOL.
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Technical indicators: From the technical indicators, SOL’s relative strength index (RSI) is currently 58.81, which is in a neutral to strong position, indicating that SOL’s price increase momentum is strong. In addition, SOL’s 200-day moving average is also rising steadily, providing strong support for its price increase.
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Market dynamics: This week, there have been some positive dynamics in the SOL market, such as the high activity and increased applications of the Solana ecosystem, as well as Solana’s technical upgrades and improvements, all of which have a positive impact on SOL’s price increase.
