Bitcoin

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The growth continues on the cryptocurrency market, according to <a href="https://u.today/bitcoin-btc-price-analysis-for-february-8" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="2ed9e5be-21fa-47d0-a23f-d1acef101205" src="https://u.today/sites/default/files/inline-images/top10_926.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a>
<h2 class="text-align-justify" id="btc-usd">BTC/USD</h2>
Bitcoin (BTC) is one of the biggest gainers today, rocketing by 6%. <img data-entity-type="file" data-entity-uuid="18f3eee4-13ca-40f6-a19b-5434c3554cae" src="https://u.today/sites/default/files/inline-images/btc1_169.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of BTC keeps rising after a breakout of the local resistance level of $46,365. Until the rate is above that mark, one can expect an ongoing rise to the $48,000 area and above. <img data-entity-type="file" data-entity-uuid="fb9f274f-abcd-4bc2-9587-d5608678e399" src="https://u.today/sites/default/files/inline-images/btc2_151.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, the rate of BTC is approaching the resistance of $47,897. At the moment, one should pay attention to the candle's closure.&nbsp;
If it happens near it or above with no false breakout, the growth is likely to continue to $49,000. <img data-entity-type="file" data-entity-uuid="e4566a6a-deaf-456e-8378-86bd99e34e48" src="https://u.today/sites/default/files/inline-images/btc3_148.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, one should focus on the recently formed level of $49,048. If the prices approaches that mark, there is a possbility of seeing a local correction in the event of a false brekaout.&nbsp;
Bitcoin is trading at $47,472 at press time.

Bitcoin (BTC) Price Prediction for February 9

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