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    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('The bearish mood has come back to a certain extent, as some coins have entered the short-term downtrend phase.
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    
    <a rel="nofollow" target="_blank" href="https://coinmarketcap.com/">Top 10 coins by CoinMarketCap</a>
    The high volatility of altcoins has affected the market share of Bitcoin (BTC), which&nbsp;has declined and is now at&nbsp;61.1%.
    <a rel="nofollow" target="_blank" href="https://coinmarketcap.com/charts/#dominance-percentage">BTC’s market share</a>&nbsp;
    The relevant data for&nbsp;Bitcoin is looking the following way:
    
    <ul>
    	<li aria-level="1" dir="ltr">
    	Name: Bitcoin
    	</li>
    	<li aria-level="1" dir="ltr">
    	Ticker: BTC
    	</li>
    	<li aria-level="1" dir="ltr">
    	Market Cap:&nbsp;$724,958,642,114
    	</li>
    	<li aria-level="1" dir="ltr">
    	Price:&nbsp;$38,924.64
    	</li>
    	<li aria-level="1" dir="ltr">
    	Volume (24h):&nbsp;$66,972,543,648
    	</li>
    	<li aria-level="1" dir="ltr">
    	Change (24h): -3.53%
    	</li>
    </ul>
    
    The data is relevant at press time.
    
    BTC/USD: Can bulls manage to set the new peak soon?
    
    Even though the rate of Bitcoin (BTC) has fallen by around 4%&nbsp;since yesterday, the price change&nbsp;over the last week has accounted for +15.68%.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    On the hourly chart, Bitcoin (BTC) is about to keep the correction wave going. In this case, a&nbsp;decline is possible to&nbsp;the area of the most liquidity around $37,600. At that point, buyers may&nbsp;try to seize the initiative.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    On the daily time frame, Bitcoin (BTC) remains bullish despite today's drop as the rising channel has not been broken. If the leading crypo keeps trading at $38,000, there are chances of&nbsp;reaching&nbsp;$42,000 next week.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    The weekly candle is about to absorb the previous ones, which means that bulls have also seized the initiative and are ready to conquer new peaks.
    
    <a rel="nofollow" target="_blank" href="#-ada-and-bnb-price-analysis-for-february-6">card</a>
    
    Respectively, Bitcoin (BTC) may&nbsp;get to the vital mark at $45,000 shortly if bulls keep pushing the rate higher.
    
    Bitcoin is trading at $38,632 at press time.
    
    
    &nbsp;
    
    ') (Line: 1133)
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    Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array) (Line: 474)
    Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1002)
    __TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 62)
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    twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
    Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
    Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
    Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
    Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
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    call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
    Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
    Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
    Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
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    Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
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    Drupal\Core\DrupalKernel->handle(Object) (Line: 18)
    
  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3114 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('The bearish mood has come back to a certain extent, as some coins have entered the short-term downtrend phase.
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    
    <a rel="nofollow" target="_blank" href="https://coinmarketcap.com/">Top 10 coins by CoinMarketCap</a>
    The high volatility of altcoins has affected the market share of Bitcoin (BTC), which&nbsp;has declined and is now at&nbsp;61.1%.
    <a rel="nofollow" target="_blank" href="https://coinmarketcap.com/charts/#dominance-percentage">BTC’s market share</a>&nbsp;
    The relevant data for&nbsp;Bitcoin is looking the following way:
    
    <ul>
    	<li aria-level="1" dir="ltr">
    	Name: Bitcoin
    	</li>
    	<li aria-level="1" dir="ltr">
    	Ticker: BTC
    	</li>
    	<li aria-level="1" dir="ltr">
    	Market Cap:&nbsp;$724,958,642,114
    	</li>
    	<li aria-level="1" dir="ltr">
    	Price:&nbsp;$38,924.64
    	</li>
    	<li aria-level="1" dir="ltr">
    	Volume (24h):&nbsp;$66,972,543,648
    	</li>
    	<li aria-level="1" dir="ltr">
    	Change (24h): -3.53%
    	</li>
    </ul>
    
    The data is relevant at press time.
    
    BTC/USD: Can bulls manage to set the new peak soon?
    
    Even though the rate of Bitcoin (BTC) has fallen by around 4%&nbsp;since yesterday, the price change&nbsp;over the last week has accounted for +15.68%.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    On the hourly chart, Bitcoin (BTC) is about to keep the correction wave going. In this case, a&nbsp;decline is possible to&nbsp;the area of the most liquidity around $37,600. At that point, buyers may&nbsp;try to seize the initiative.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    On the daily time frame, Bitcoin (BTC) remains bullish despite today's drop as the rising channel has not been broken. If the leading crypo keeps trading at $38,000, there are chances of&nbsp;reaching&nbsp;$42,000 next week.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    The weekly candle is about to absorb the previous ones, which means that bulls have also seized the initiative and are ready to conquer new peaks.
    
    <a rel="nofollow" target="_blank" href="#-ada-and-bnb-price-analysis-for-february-6">card</a>
    
    Respectively, Bitcoin (BTC) may&nbsp;get to the vital mark at $45,000 shortly if bulls keep pushing the rate higher.
    
    Bitcoin is trading at $38,632 at press time.
    
    
    &nbsp;
    
    ') (Line: 1133)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
    __TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array) (Line: 474)
    Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1002)
    __TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 62)
    __TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
    Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
    Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
    Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
    Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
    Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
    call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
    Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
    Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
    Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
    Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
    Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
    Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
    Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
    Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
    Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
    Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 51)
    Drupal\Core\StackMiddleware\StackedHttpKernel->handle(Object, 1, 1) (Line: 704)
    Drupal\Core\DrupalKernel->handle(Object) (Line: 18)
    

Bitcoin (BTC) Price Analysis for February 7

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Sun, 7/02/2021 - 15:46
Bitcoin (BTC) Price Analysis for February 7
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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The bearish mood has come back to a certain extent, as some coins have entered the short-term downtrend phase.

Advertisement
Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

The high volatility of altcoins has affected the market share of Bitcoin (BTC), which has declined and is now at 61.1%.

BTC’s market share
BTC’s market share 

The relevant data for Bitcoin is looking the following way:

  • Name: Bitcoin

  • Ticker: BTC

  • Market Cap: $724,958,642,114

  • Price: $38,924.64

  • Volume (24h): $66,972,543,648

  • Change (24h): -3.53%

The data is relevant at press time.

BTC/USD: Can bulls manage to set the new peak soon?

Even though the rate of Bitcoin (BTC) has fallen by around 4% since yesterday, the price change over the last week has accounted for +15.68%.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the hourly chart, Bitcoin (BTC) is about to keep the correction wave going. In this case, a decline is possible to the area of the most liquidity around $37,600. At that point, buyers may try to seize the initiative.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the daily time frame, Bitcoin (BTC) remains bullish despite today's drop as the rising channel has not been broken. If the leading crypo keeps trading at $38,000, there are chances of reaching $42,000 next week.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

The weekly candle is about to absorb the previous ones, which means that bulls have also seized the initiative and are ready to conquer new peaks.

card

Respectively, Bitcoin (BTC) may get to the vital mark at $45,000 shortly if bulls keep pushing the rate higher.

Bitcoin is trading at $38,632 at press time.

 
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