Bitcoin

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Most of the coins keep setting new local peaks, according to <a href="https://u.today/doge-price-prediction-for-february-27" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="545b38a4-8c11-49e4-b8b9-6d2b9194935c" src="https://u.today/sites/default/files/inline-images/top10_964.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 5.82%. <img data-entity-type="file" data-entity-uuid="046592ff-f996-4367-aecd-f1149da24b7b" src="https://u.today/sites/default/files/inline-images/btc1_174.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 Bitcoin (BTC) has broken the local resistance level of $59,508. Until the rate is above that mark, there is a chance to see an ongoing rise to the $61,000 area and above. <img data-entity-type="file" data-entity-uuid="db0d370a-0624-4ad1-aa75-0b5294eaa550" src="https://u.today/sites/default/files/inline-images/btc2_156.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, there are no reversal signals so far. At the moment, one should pay attention to the candle's closure.&nbsp;
If it happens around the current prices, the upward move is likely to continue to the nearest resistance zone around $62,000. <img data-entity-type="file" data-entity-uuid="69782da7-52d2-4034-94b7-f2023e8499b5" src="https://u.today/sites/default/files/inline-images/btc3_153.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, it is too early to make any predictions as a few days remain until the weekly bar closes. However, if sellers cannot get back in the game, there is a possibility of seeing a test of the all-time high around the $67,000 area.
Bitcoin is trading at $60,541 at press time.

Bitcoin (BTC) Price Prediction for February 28

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