Market Analysis of BITCOIN on Wednesday 5 FEBRUARY 2024

2025-02-05 17:21Source:BtcDana

 BTCUSDT TECHNICAL ANALYSIS SHORT TERM VIEW    


BTCUSDT can rise towards 115000 minimum  with stop loss 91350 level in short term .Immediate strong support 94800 to 97000 level and it can rally above 115000 level in form of wave 5   . Intraday purpose buying is better for targets 98200, 98600 and 99000 levels respectively with stop loss 94000 level .


QUICK FUNDAMENTAL LOOK


  The Bitcoin network hashrate, a proxy for competition in the industry and mining difficulty, rose slightly in January, Wall Street bank JPMorgan said in a research report on Monday.


POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .

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