Bitcoin

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">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" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img src="https://u.today/sites/default/files/inline-images/top10_938.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer"> 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 src="https://u.today/sites/default/files/inline-images/btc1_171.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">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 src="https://u.today/sites/default/files/inline-images/btc2_153.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">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" rel="noopener noreferrer nofollow">$53,000-$53,500 area</a> shortly. <img src="https://u.today/sites/default/files/inline-images/btc3_150.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">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

Join our free newsletter for daily crypto updates!