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Bitcoin (BTC) Price Prediction for March 2 — TradingView News – TradingView


The prices of coins keep rising, however, there are some exceptions, according to CoinMarketCap.Top coins by CoinMarketCap

BTCUSD

The rate of Bitcoin BTCUSD has declined by 1.02% over the last 24 hours.Image by TradingView

On the hourly chart, the price of BTC is trading near the local support level of $61,711. If the daily bar closes near it, one can expect a correction to the $61,000 zone tomorrow.Image by TradingView

On the bigger time frame, the situation is less clear as neither bulls nor bears have seized the initiative for a further move yet.

In this case, sideways trading in the area of $61,000-$63,000 is the more likely scenario for next week.Image by TradingView

From the midterm point of view, the price of BTC is on the way to test the nearest resistance level of $67,150. If the bar closes above it and with no long wicks, there is a high chance to see a new all-time high.

Bitcoin is trading at $61,864 at press time.



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