Bitcoin price today February 3. Photo: Coindoo
Bitcoin price today February 3. Photo: Coindoo

Daily analysis of Bitcoin price - February 2, 2021

BTC/USD

Photo: Daily FX
Photo: Daily FX

Bitcoin bulls pushed BTC price through a key resistance level just a few hours after Ethereum closed above $1,500.

On Feb. 2 Ether (ETH) saw its price breakout to a new all-time high at $1,555 as increased activity in the derivatives market provided clear signals that traders were bullish on the long-term prospects of the largest altcoin by market capitalization.

Bitcoin price has crossed the $ 36,000 threshold after gaining approximately 6% over the past 24 hours, helping a host of lower-cap cryptocurrencies to surge drastically, pushing the total cap above $ 1,070 billion. At press time, BTC is trading around $ 36,021, up 11% over the past seven days, according to AZ Coin News.

Bitcoin has risen like the wind in the past 24 hours. During the last 24 hours, the lowest Bitcoin price recorded was at $ 33,437 and the highest was $ 36,008. According to CoinMarketCap over the past 24 hours, Bitcoin trading volume reached $ 63 billion, market capitalization reached $ 671 billion.

Many leading cryptocurrencies also increased in price. Accordingly, the Ethereum price increased 11.8% to $ 1,519, the market capitalization stood at $ 174.5 billion. Polkadot rose 6.7% to $ 17.3, market cap rose to $ 15.8 billion. Cardano rose 9.57% to $ 0.426 pushing the market cap to $ 13.3 billion. Chainlink increased 2.8% to $ 23.59, market capitalization reached approximately $ 9.6 billion. Litecoin rose 7.2% to $ 142, pushing its capitalization to $ 9.5 billion.

A variety of other cryptocurrencies like Bitcoin Cash, Stellar … also increased from 2% – 5%. The total market cap recorded $ 1,070 billion, up 5.9%.

EOS/USD

EOS is the only loser from the list today as the rate of the coin has fallen by 4.14% over the past 24 hours.

On the daily chart, EOS is bullish despite today's decline as the coin keeps trading above the vital level of $3. In addition, there is a high concentration of liquidity, which means that buyers are getting ready for the growth. In this case, one may expect the altcoin near the resistance of $3.45 shortly.

EOS is trading at $3.02 at press time.

ADA/USD

Cardano (ADA) is the top gainer today; its price has rocketed by more than 20% since yesterday.

Cardano (ADA) has set the new peak in 2021, having confirmed bulls' power. However, buyers might retest the mirror level at $0.4155 in order to continue the rise. Thus, the long-term buyers' dominance is also supported by the high trading volume.

Cardano is trading at $0.44 at press time.

LINK/USD

The rate of Chainlink (LINK) has also increased over the last day. The price change has accounted for 4.24%.

From the technical point of view, the growth has not ended yet, and Chainlink (LINK) has the potential to reach the nearest resistance level at $25.50 within the next few days.

Chainlink is trading at $23.08 at press time.

DOT/USD

Photo: Daily FX
Photo: Daily FX

Polkadot (DOT) is not an exception to the rule as its rate has also risen by 4% since yesterday.

Polkadot (DOT) is trading similarly to Chainlink (LINK), aiming at the resistance of $19.39. Such a move is confirmed by the lines of the MACD indicator that are about to get out of the red zone.

Polkadot is trading at $16.66 at press time.

Bitcoin (BTC) daily chart - Descending triangle break hints at gains

Bitcoin looks poised to extend recent gains, as prices burst above Descending Triangle resistance and the psychologically imposing 35,000 marks. With the RSI eyeing a push above 60, and a bullish crossover taking place on the MACD indicator, the path of least resistance seems skewed to the topside, Daily FX cites.

Clearing the January 29 high (38711) would probably intensify near-term buying pressure and carve a path for the price to challenge the yearly high (41969). Breaking that is needed to signal the resumption of the primary uptrend and pave the way for the popular cryptocurrency to fulfill the Descending Triangle’s implied measured move (47699).

Alternatively, failing to breach the 38700 marks could trigger a pullback to former resistance-turned-support at the January 2 high (33292).

Bitcoin price predictions

Bitcoin price stood at 36576 dollars a coin. Today's range: $35414 - $36873. Yesterday's close: $35524. The change: +1052, +2.96%. Inverse rate: USD to BTC, notes 30 Rates.

Recent changes for the last periods:

Period 2 Days 3 Days 1 Week 2 Weeks 1 Month

Chng,% +8.3% +12.3% +6.7% +12.2% +12.7%

Ex-Rate 33781 32584 34281 32608 32467

Bitcoin price prediction on Thursday, February, 4: minimum price $36022, maximum $41444 and at the end of the day price 38733 dollars a coin. BTC to USD predictions on Friday, February, 5: minimum price $37345, maximum $42967 and at the end of the day price 40156 dollars a coin. Bitcoin price prediction on Monday, February, 8: minimum price $35668, maximum $41038 and at the end of the day price 38353 dollars a coin. BTC to USD predictions on Tuesday, February, 9: minimum price $35496, maximum $40840 and at the end of the day price 38168 dollars a coin.

In 1 week Bitcoin price prediction on Wednesday, February, 10: minimum price $35548, maximum $40900 and at the end of the day price 38224 dollars a coin. BTC to USD predictions on Thursday, February, 11: minimum price $39584, maximum $45542 and at the end of the day price 42563 dollars a coin. Bitcoin price prediction on Friday, February, 12: minimum price $37591, maximum $43249 and at the end of the day price 40420 dollars a coin. BTC to USD predictions on Monday, February, 15: minimum price $37443, maximum $43079 and at the end of the day price 40261 dollars a coin. Bitcoin price prediction on Tuesday, February, 16: minimum price $37317, maximum $42935 and at the end of the day price 40126 dollars a coin.

In 2 weeks BTC to USD predictions on Wednesday, February, 17: minimum price $38150, maximum $43894 and at the end of the day price 41022 dollars a coin. Bitcoin price prediction on Thursday, February, 18: minimum price $37177, maximum $42773 and at the end of the day price 39975 dollars a coin. BTC to USD predictions on Friday, February, 19: minimum price $41277, maximum $47491 and at the end of the day price 44384 dollars a coin. Bitcoin price prediction on Monday, February, 22: minimum price $34673, maximum $39893 and at the end of the day price 37283 dollars a coin. BTC to USD predictions on Tuesday, February, 23: minimum price $33673, maximum $38743 and at the end of the day price 36208 dollars a coin.

USD TO BTC TODAY

USD to BTC exchange rate stood at 0.2734 Bitcoins per 10000 Dollars. Today's range: 0.2712-0.2824. Yesterday's close: 0.2815. The change: -0.0081, -2.88%.

Recent changes for the last periods:

Period 2 Days 3 Days 1 Week 2 Weeks 1 Month

Chng,% -7.64% -10.92% -6.27% -10.86% -11.23%

Ex-Rate 0.2960 0.3069 0.2917 0.3067 0.3080

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