Category: Crypto News, News
Bitcoin (BTC) Price Prediction for February 28 — TradingView News
The market keeps setting new local lows, according to CoinMarketCap. CoinMarketCap”>
The rate of Bitcoin 
BTCUSD has dropped by 5.11% over the last 24 hours.TradingView”>
On the hourly chart, the price of BTC is rising after a false breakout of the local support of $78,764. If the upward move continues, one can expect a test of the upper level by tomorrow.TradingView”>
On the bigger time frame, there are no reversal signals yet.
However, if the daily bar closes with a long wick, traders may expect a local bounce back to the $86,000 zone over the weekend.TradingView”>
From the midterm point of view, the picture is also bearish. If the weekly candle closes around current prices, the fall is likely to continue to the important zone of $70,000 soon.
Bitcoin is trading at $81,664 at press time.
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