Bitcoin Price Prediction Today 05th February 2025!
The cryptocurrency market lost about 2.25% of its valuation in 24 hours, with trading volume of $190.85 billion. In this way, the global crypto municipal cap is currently worth $3.22 trillion. Additionally, the price of Bitcoin has returned to around $98,000, highlighting the bearish effect.
Is this a good time to invest in Bitcoin as the time of market sentiment records increases uncertainty? In this article, we cover short-term market sentiment and possible Bitcoin (BTC) price analysis.
BTC price record merge price action!
Bitcoin price fell 1.07% in 24 hours, with trading volume of $6.911 billion, a change of -20.76%. In addition, it lost 4.34% over the past seven days, falling to around 1.5% in 30 days. The market value is US$1.935 trillion, and its market advantage is 60.46%.
Simple moving averages (SMA) continue to act as a resistance to Bitcoin price charts over the daily time frame. This shows that the largest crypto token on the market has a strong sense of bearishness.
Furthermore, the RSI indicator continues to hover around the neutral point in the first time frame. Furthermore, the average trend line shows a negative trend. This suggests that the price of Bitcoin may continue to lose value this week.
Bitcoin ETFs record record inflows of over $340.7 million!
All Bitcoin ETFs have shown neutral or positive flow for the first time this month in the past 24 hours. Blackrock’s “IBIT” (IBIT) reportedly had the highest inflows at $249 million, followed by ARK’s “ARKB” worth $5.611 billion.
On the other hand, no BTC ETF has recorded negative traffic in the past 24 hours. As a result, the Bitcoin ETF ended on February 4 with net traffic of $340.7 million.
Will BTC prices rise?
If the BTC price recovers its $100,000 mark, this could lead it toward the $102,000 upper resistance level. Keeping the price at this level could be a stage where it recovers $105,000 in the next time.
Conversely, if the bear surpasses the Bulls, the price of Bitcoin could drop to its immediate support level of $95,000. Additionally, if bearish sentiment intensifies, the price of BTC may be retested.
Are you wondering if the price of BTC will reach a new ATH in 2025? Read our latest information Bitcoin price forecast Revealing possible long-term mysteries!
Frequently Asked Questions Answers
The cryptocurrency market’s valuation briefly pulls back amid ongoing global tensions.
If the Bulls recover, BTC’s price could reach its highest $ 170,000 This year.
When writing, the price of a BTC token is $98,026.03Essence
