Bitcoin

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
A bull run continues on the cryptocurrency market, according to <a href="https://u.today/xrp-price-prediction-for-february-14">CoinMarketCap</a>.
<img data-entity-type="file" data-entity-uuid="265766a9-b24d-4a5d-8b7c-23c3d98dc57b" src="https://u.today/sites/default/files/inline-images/top10_938.png">Top coins by<a href="https://coinmarketcap.com/"> CoinMarketCap</a>
<h2 class="text-align-justify" id="btc-usd">BTC/USD</h2>
The price of Bitcoin (BTC) keeps rising, going up by 1.34% over the last 24 hours.
<img data-entity-type="file" data-entity-uuid="184b28c1-c0e6-4616-9b38-29ad8ea38526" src="https://u.today/sites/default/files/inline-images/btc1_171.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT">TradingView</a>
On the hourly chart, the rate of BTC is testing the resistance level after a false breakout of the local support. If buyers can hold the initiative, traders may expect a blast to the $53,000 zone soon.
<img data-entity-type="file" data-entity-uuid="d8c5570b-4d29-41d5-9ce8-2d4b10742acd" src="https://u.today/sites/default/files/inline-images/btc2_153.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT">TradingView</a>
On the bigger time frame, one should focus on the bar's closure in terms of yesterday's candle peak. If it happens above that and with no long wick, the growth may lead to the test of the <a href="https://u.today/bitcoin-btc-price-prediction-for-february-13">$53,000-$53,500 area</a> shortly.
<img data-entity-type="file" data-entity-uuid="0172f17f-93f0-4e72-8385-61721a95ecde" src="https://u.today/sites/default/files/inline-images/btc3_150.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT">TradingView</a>
From the midterm point of view, there are no reversal signals yet, as the rate of BTC keeps setting new local peaks. If the weekly candle consolidates around the current prices, traders may see $54,000-$56,000 by the end of the month.
Bitcoin is trading at $52,346 at press time.

Bitcoin (BTC) Price Prediction for February 15

Table of Contents

U_Today

Other articles published on Feb 15, 2024

Bitcoin Price Correction On Horizon; Here’s What To Expect For This Weekend

Shiba Inu Unveils Its Valentine’s Day Gift For The SHIB Army

Just In: Uniswap Teases Upcoming V4 Upgrade

Gold ETFs bleed $2.4B so far in 2024 as Bitcoin ETFs hit record volumes

Pro-XRP Lawyer Deaton ‘Seriously Considers’ Run Against Senator Warren

Bitcoin's Surge to $52K Faces Threats From Two Major Sell-Off Events

Join our free newsletter for daily crypto updates!