Summary
TLDR: Bitcoin’s price movement in February has been bullish, approaching an all-time high. Four crypto traders successfully predicted the increase, with potential resistance at $65,900 and support at $55,500. A breakout could lead to a 16% increase to $69,000, while a rejection could trigger an 18% drop to $48,600. Despite bearish predictions, a close above $44,900 could lead to a 16% increase to $49,000.
Key Points
1. The Bitcoin (BTC) price movement in February has been bullish and is approaching an all-time high, with successful predictions by four crypto traders leading to significant gains.
2. InmortalCrypto, Dentoshi, and Will Clemente accurately predicted the increase in BTC price after a deviation below a key horizontal support area on February 7, leading to a substantial price surge.
3. DamskoTrades also made a correct prediction on February 7, showing a fractal comparison of BTC price with tech companies like Google and Meta, indicating a potential move above the middle of its range towards its high range, nearly reaching the final resistance area before an all-time high at $60,000.