Bitcoin (BTC) Price Analysis for February 2
Analysis
Price Impact
HighThe analysis suggests potential strong movements, either a continuation to the $80,000-$82,000 range or a significant dump to the $70,000 zone based on different timeframes.
Trustworthiness
MedThe article explicitly states a disclaimer that opinions are their own and advises readers to conduct their own research, using cautious language like 'is likely to continue' and 'might be enough'.
Price Direction
NeutralWhile short-term indicators show bitcoin breaking local resistance and targeting $80,000-$82,000, the midterm perspective warns of a potential dump to $70,000 if weekly support is compromised, creating conflicting signals.
Time Effect
ShortThe immediate price targets and movements are discussed for 'the rest of the week', indicating a focus on short-term price action, despite a mention of a 'midterm' outlook.
Original Article:
Article Content:
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 The majority of the top 10 coins are rising today, according to CoinStats . Advertisement Top coins by CoinStats BTC/USD The rate of Bitcoin (BTC) has gone up by 1.76% over the last day. Image by TradingView On the hourly chart, the price of BTC is breaking the local resistance at $78,362. If the daily bar closes above that mark, the upward move is likely to continue to the $80,000 zone. Image by TradingView On the longer time frame, the rate of the main crypto is rising after a false breakout of the $75,555 level. You Might Also Like Mon, 02/02/2026 - 15:35 XRP Price Analysis for February 2 By Denys Serhiichuk If the daily bar closes around current prices or above, traders may expect a test of the $80,000-$82,000 range the rest of the week. Image by TradingView From the midterm point of view, the situation is less positive for bulls. If the weekly bar closes nor far from the support level, the accumulated energy might be enough for a dump to the $70,000 zone. Bitcoin is trading at $78,943 at press time. #Bitcoin Price Prediction