Bitcoin (BTC) Price Prediction for February 1

The weekend has started with sellers' pressure, according to CoinMarketCap.CoinMarketCap">The rate of Bitcoin has declined by 2.25% over the last day.TradingView">On the hourly chart, the price of BTC might have set a local support of $101,418. If the growth continues, one can expect a test of the resistance level of $102,744 by tomorrow.TradingView">On the bigger time frame, neither bulls nor bears are dominating. However, if the sellers break the vital zone of $100,000, the accumulated energy might be enough for a more profound correction to the $98,000 range.Such a scenario is relevant for the upcoming week.TradingView">From the midterm point of view, sideways trading is the more likely scenario. The volume keeps falling, which means any sharp moves are unlikely to happen shortly.Bitcoin is trading at $102,018 at press time.