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Bitcoin (BTC) Price Prediction for February 15

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Thu, 15/02/2024 - 15:24
Bitcoin (BTC) Price Prediction for February 15
Cover image via www.tradingview.com

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A bull run continues on the cryptocurrency market, according to CoinMarketCap.

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Top coins by CoinMarketCap

BTC/USD

The price of Bitcoin (BTC) keeps rising, going up by 1.34% over the last 24 hours.

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Image by TradingView

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.

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Image by TradingView

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 $53,000-$53,500 area shortly.

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Image by TradingView

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.

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