Bitcoin (BTC) Price Presentation for February 1

The weekend has started with the seller’s pressure, according to CoinMarketcap.

BTC/USD

The speed of Bitcoin (BTC) has fallen by 2.25% during the last day.

At the hourly card, the price of BTC could have put a local support of $ 101,418. If the growth continues, one can expect a test of the $ 102,744 resistance level tomorrow.

On the larger timeframe, neither bulls nor bear dominates. However, if sellers break the vital zone of $ 100,000, the accumulated energy may be enough for a more in -depth correction of the $ 98,000 area.

Related

Such a scenario is relevant for the coming week.

From the mid -term point of view, sideways trade is the more likely scenario. The volume continues to fall, which means that any sharp movement is likely to happen within a short time.

Bitcoin trades with $ 102,018 at the press time.

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