Bitcoin (BTC) Price Prediction for February 8
Most of the coins are in the red zone at the beginning of the weekend, according to CoinMarketCap.
BTC/USD
The rate of Bitcoin (BTC) has fallen by 2.47% over the last 24 hours.
On the hourly chart, the price of BTC remains under sellers’ pressure. If the daily bar closes around the $96,000 mark, one can expect a test of the local support of $95,800 by tomorrow.
On the bigger time frame, one should pay attention to the nearest level of $95,678. If a breakout happens, the accumulated energy might be enough for a drop to the $94,000 zone.
From the midterm point of view, the price of the main crypto is far from the main levels.
As neither side is dominating, sideways trading in the zone of $94,000-$98,000 is the more likely scenario for next week.
Bitcoin is trading at $96,235 at press time.
