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.CoinMarketCap">The rate of Bitcoin has fallen by 2.47% over the last 24 hours.TradingView">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.TradingView">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.TradingView">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.