Bitcoin forecast for February 2024

in #bitcoin • 5 months ago

0c393bc8-b393-4844-9575-30ca53775e46.jpg

Bitcoin (BTC): After reaching its all-time high of $49,114 on January 11, 2024, the Bitcoin price experienced a downward trend. Breaking below an ascending support line on January 18 and confirming it as resistance on January 30, the price may continue to decline. A daily close below $45,100 would confirm the bearish outlook, potentially leading to a 12% drop to the $37,000 level (0.5 Fibonacci retracement support). However, closing above $45,100 could set the stage for new yearly highs, with a potential rise of 17% to $49,100.

#btc #february #forecast
5 months ago in #bitcoin by
$0.00
    Reply 0

    Coin Marketplace

    STEEM 0.20
    TRX 0.13
    JST 0.030
    BTC 66709.93
    ETH 3505.67
    USDT 1.00
    SBD 2.71