Bitcoin (BTC) Price Analysis for February 8
Analysis
Price Impact
HighThe analysis suggests potential significant upward movements for bitcoin, with key resistance breakouts at $71,467, $71,673, and $74,434 potentially leading to targets of $72,000, $75,000, and $80,000.
Trustworthiness
MedThe analysis is based on technical indicators and specific price levels (resistance, breakouts), which are common in crypto analysis. however, it's conditional and technical analysis can be subjective.
Price Direction
BullishBulls are showing resilience, with the price potentially breaking out of several resistance levels. the outlook consistently points to higher price targets if these breakouts occur.
Time Effect
ShortThe upward move to $75,000 is considered relevant until the end of next week, while the $80,000 target is a midterm outlook contingent on a weekly close above $74,434.
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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 Bulls are not going to give up easily, and most of the cryptocurrencies are again in the green zone, according to CoinStats . Advertisement Top coins by CoinStats BTC/USD The price of Bitcoin (BTC) has increased by 3.12% over the past day. Image by TradingView On the hourly chart, the rate of BTC might have found a local resistance at $71,467. However, one should focus on the daily bar's closure. You Might Also Like Sun, 02/08/2026 - 15:16 SHIB Price Analysis for February 8 By Denys Serhiichuk If the correction does not happen, traders can expect a level breakout, followed by a test of the $72,000 zone. Image by TradingView On the longer time frame, one should focus on the $71,673 level. If its breakout occurs, the accumulated energy might be enough for an ongoing upward move to the $75,000 mark. Such a scenario is relevant until the end of next week. Image by TradingView From the midterm point of view, the price of the main crypto is far from main levels. In this case, traders should pay attention to the interim level at $74,434. If the weekly bar closes above that mark, there is a chance of seeing a bounce back to the $80,000 zone. Bitcoin is trading at $71,036 at press time. #Bitcoin Price Prediction