Bitcoin (BTC) Price Analysis for February 4
Analysis
Price Impact
HighBitcoin has dropped by 4.62% since yesterday and is falling after breaking local support at $74,141. a further decline is expected towards $73,000 and potentially $70,000 if the $72,863 level is breached.
Trustworthiness
MedThe analysis is based on technical indicators and chart patterns from coinstats and tradingview, published by u.today. while it uses reputable data sources, it's a general market commentary and not an institutional report.
Price Direction
BearishThe price is currently falling, having broken key support levels. sellers are in control, and continued decline is anticipated in the short to mid-term if critical support zones do not hold.
Time Effect
ShortAn immediate test of $73,000 is expected, with a potential decline to $70,000 by the end of the week if current support levels are broken.
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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 A further decline remains the most likely scenario for most of the coins, according to CoinStats . Advertisement BTC chart by CoinStats BTC/USD The rate of Bitcoin (BTC) has dropped by 4.62% since yesterday. Image by TradingView On the hourly chart, the price of BTC is falling after breaking the local support at $74,141. If the daily bar closes far from that mark, traders may expect a test of the $73,000 zone shortly. Image by TradingView On the longer time frame, sellers are also controlling the situation on the market. If a breakout of the $72,863 level happens, the decline is likely to continue to the $70,000 area until the end of the week. Image by TradingView From the midterm point of view, traders should focus on the weekly bar's closure in terms of the $74,434 level. You Might Also Like Tue, 02/03/2026 - 15:50 Cardano (ADA) Price Analysis for February 3 By Denys Serhiichuk If it happens far from it, one can expect a bounce back to the $80,000 range. Bitcoin is trading at $74,251 at press time. #Bitcoin Price Prediction