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BTC Price Prediction: Today’s Bitcoin Price, 1st Feb 2023
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Bitcoin’s price has been rising in recent months and continues to do so today. Many investors are now speculating as to whether Bitcoin can rise by another 5% today as a result of this.
In order to respond to this query, it is necessary to examine the state of the market at the time and determine whether or not there is sufficient market momentum to raise the price of Bitcoin.
Today’s Bitcoin Price
| DATE | BTC | USD |
|---|---|---|
| Today | 01 | $ 23,155.86 |
Bitcoin Price Prediction
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The price of one bitcoin is currently at $23,672; the 24-hour trading volume is about $26 billion. It is ranked first with a $456 billion market cap.
On the 4-hour timescale, the BTC/USD price has broken through the triple top level of $23,400 and now has the potential to rise toward $24,066. The price might increase to $25,150 if it surpasses $24,066.
In Bitcoin, an upswing is often initiated by the breakout of a symmetrical triangular pattern. As a result, we can anticipate further price increases for BTC.
A break of this level might extend the selling trend all the way to $22.800 or $22,350 on the downside, where Bitcoin’s immediate support is still sitting around $23,350.
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