Bitcoin

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The growth continues on the cryptocurrency market, according to <a href="https://u.today/doge-shib-bonk-and-wif-price-analysis-for-february-7">CoinStats</a>.
<img data-entity-type="file" data-entity-uuid="d5e9cdd5-bf2b-4198-b2e3-2b50bbb8038a" src="https://u.today/sites/default/files/inline-images/top10_925.png">BTC chart by&nbsp;<a href="https://coinstats.app/coins/">CoinStats</a>
<h2 class="text-align-justify" id="btc-usd">BTC/USD</h2>
The rate of Bitcoin (BTC) has increased by almost 5% over the last 24 hours.
<img data-entity-type="file" data-entity-uuid="b1e09b72-3b64-4c2e-9304-80ad970e69bf" src="https://u.today/sites/default/files/inline-images/btc1_168.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT">TradingView</a>
On the hourly chart, the price of BTC keeps setting new local peaks. Currently, one should pay attention to the daily bar closure in terms of the $44,873 level.&nbsp;
If it happens above that mark, the rise is likely to continue to the $46,000 area.
<img data-entity-type="file" data-entity-uuid="4397f0a0-2a45-4a4e-aead-968b8827ccdd" src="https://u.today/sites/default/files/inline-images/btc2_150.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT">TradingView</a>
On the bigger time frame, the rate of BTC is growing after a breakout of the $44,000 zone. If the current candle closes with no long wick, the accumulated energy might be enough for a test of the nearest resistance level of $46,516.
<img data-entity-type="file" data-entity-uuid="73af0a03-6296-4259-bc00-1efd0009e22d" src="https://u.today/sites/default/files/inline-images/btc3_147.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT">TradingView</a>
From the midterm point of view, traders should pay attention to the weekly bar closure. If it happens near the interim level of $46,000, there is a chance to see a test of the $48,000 range by the end of the month.
Bitcoin is trading at $45,361 at press time.

Bitcoin (BTC) Price Analysis for February 8

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