Bitcoin (BTC) Price Analysis for February 1
Analysis
Price Impact
HighBitcoin has declined by 5.35% over the last day, with further drops anticipated as it struggles to maintain key support levels. this indicates significant short-term downward pressure.
Trustworthiness
MedThe analysis is based on technical indicators and price action, using specific support levels. however, it uses probabilistic language like 'may lead to' and 'likely to continue', indicating some degree of uncertainty inherent in market predictions.
Price Direction
BearishThe analysis suggests a breakdown below $77,181 could lead to a test of the $75,000-$76,000 zone. a close below $75,555 is seen as a strong bearish signal, potentially pushing btc towards the $70,000 zone.
Time Effect
ShortThe analysis focuses on hourly and daily charts, with immediate targets for 'tomorrow' and discussions around short-term support and resistance levels. the midterm view also suggests near-term price movements.
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Cover image via U.Today 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. Read U.TODAY on Google News A further drop remains the more likely scenario for most of the coins, according to CoinStats . Advertisement Top coins by CoinStats BTC/USD The rate of Bitcoin (BTC) has declined by 5.35% over the last day. Image by TradingView On the hourly chart, the price of BTC is about to fix below the local support at $77,181. If it happens, the decline may lead to a test of the $75,000-$76,000 zone tomorrow. Image by TradingView On the bigger time frame, the rate of the main crypto is far from the main levels. In this case, one should focus on the candle closure in terms of yesterday's bar low. You Might Also Like Sat, 01/31/2026 - 14:40 Cardano (ADA) Price Analysis for January 31 By Denys Serhiichuk If it happens below $75,555, the decline is likely to continue to the $70,000 zone. Image by TradingView From the midterm point of view, the nearest level at $73,794 plays an important role in terms of further price movements. If a false breakout happens, there is a possibility to see a bounce back to the $76,000-$78,000 range. Bitcoin is trading at $77,118 at press time. #Bitcoin Price Prediction