Bitcoin Price Prediction Today February 4

Bittime - Bitcoin continues to be a digital asset that attracts attention with its dynamic price movements every day. Today's Bitcoin price analysis and predictions provide important insights for investors to understand the latest market trends. 

Influenced by market sentiment, global news, and technical indicators, Bitcoin offers both great opportunities and challenges for those immersed in the world of crypto. 

In this article, we will review the latest predictions, technical analysis, and factors that influence Bitcoin prices, so you can always be ready to face market changes.

Bitcoin Price Performance Today 

On February 3, Bitcoin price was trading in a range $93,500 take notes decline -6.93% in Last 24 hours. The market is showing volatility with daily lows at $91,384.90 and highest in $100,729. Bitcoin's total market capitalization stands at approx $1,856,800,990,414.92, reflecting strong investor interest despite recent price fluctuations.

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Historical Bitcoin Price Movements

Bitcoin has experienced significant growth over the past year, with a notable increase of approx 141,83% since January 2024, when the price is approx $42.461. This cryptocurrency hit an all-time high in $109.588 before Donald Trump's inauguration on January 20, 2025. This surge reflects bullish market sentiment, driven by expectations of pro-crypto policies from the new administration.

Currently, Bitcoin price is in a range $93,500, after experiencing decline -6.93% in the last 24 hours. Despite recent price fluctuations, Bitcoin's total market capitalization stands at approx $1,856,800,990,414.92, indicating investor interest remains strong amidst market volatility.

Read too Bitcoin (BTC) Price Prediction: Comprehensive Analysis

Factors Affecting Bitcoin Prices

Bitcoin Price Drops Below $100,000

As of February 3, 2025, the price of Bitcoin was recorded at approx $93,500, experience decline -6.93% in 24 hours. This decline reflects the ongoing negative trend in the crypto market, where many top assets are also in the red.

Negative Sentiment Due to Trump's Tariff Policy

One of the main factors contributing to the price decline is investors' concerns regarding tariff policies that may be implemented by the new administration under Donald Trump. Market sentiment is influenced by uncertainty regarding a potential global trade war, which could negatively impact the economy and investments in risk assets such as Bitcoin.

Market Corrections After Record Highs

After reaching a record high of approx $109.588 on January 20, 2025, Bitcoin experienced profit-taking by investors, which is a common reaction after a significant price spike. This creates selling pressure which causes prices to fall.

Historical Analysis and Recovery Potential

Even though currently the price of Bitcoin is below $100.000, some analysts believe that historical patterns point to a potential recovery in February. Data shows that February is often a good performing month for Bitcoin following a halving event, and there is hope that the price may rebound in the near future.

Other Developments in the Crypto Market

Ethereum And Binance Coin also experienced a price drop, with Ethereum dropping 8,85% in the last 24 hours. Despite the current selling pressure, some investors remain optimistic about the long-term potential of Bitcoin and other crypto assets.

With constantly changing market conditions, investors are advised to remain alert to the latest news and market analysis to make informed investment decisions.

Conclusion

With a combination of profit-taking, the negative impact of AI technology developments, economic uncertainty, and projected price corrections, many analysts predict that Bitcoin prices will experience a decline on February 4, 2025.

Read too Everything Happening to Bitcoin Through 2024: BTC ETFs, Trump, and the All-Time High

Bitcoin's price drop below $100,000 reflects a combination of external and internal factors influencing the crypto market. 

Negative sentiment due to concerns about the Trump administration's tariff policies, profit-taking after reaching record highs, and volatile market conditions have created significant selling pressure. 

Even though the price is currently in a negative trend, there is hope for a recovery based on historical patterns indicating a potential increase in February. Investors remain optimistic about the long-term prospects of Bitcoin and other crypto assets, although they must remain alert to fast and dynamic market developments.

Support and Resistance Levels

Nearest Support Level

$100,000
If this level is broken, it is likely to test the psychological level of $95,668.

Key Resistance Levels

$106,200
Breakthrough of this level with strong volume can pave the way for a bullish trend towards $110,000 and beyond.

Relative Strength Index (RSI)

Currently, the RSI is at 69, indicating positive momentum and supporting potential further upside.

Analysis of Bitcoin Predictions for February 4, 2025

Bitcoin is expected to experience significant movement after a period of volatility that occurred at the end of January. Some factors that influence this analysis include:

Bullish Scenario

Condition: If Bitcoin manages to break the resistance level at $106,200 and maintain momentum above $106,000.

Support: Driven by continued increasing institutional interest and positive market sentiment.

Potential Surge: There is potential for a significant price spike if this level is successfully broken.

Bearish Scenario

Condition: If Bitcoin falls below the support level di $100,000.

Impact: This could trigger deeper profit-taking, with support targets nearby $95,668.

Further Decline: Can lead to psychological level testing in $90,000.

Consolidation Scenario

Condition: Bitcoin may move sideways between $100,000 And $106,200.

Evaluation: Investors will evaluate the impact of the latest economic news and monetary policy.

Bitcoin Price Prediction for February 4, 2025

The Bitcoin price prediction shows the potential for an interesting move with the price expected to be around $102,000 until $106,200, depending on the ability to break through major resistance. Mixed market sentiment and recent liquidation action are key factors in this projection. Investors are advised to remain alert to market developments and news that may affect prices.

Overall, current market conditions show uncertainty with selling pressure still existing. 

However, there are also positive signals of increased institutional interest. Therefore, monitoring price developments in the next few days is very important to determine the right trading strategy.

Conclusion

Conclusion of Bitcoin price analysis for February 4, 2025 indicating that the market is in positive momentum with the price approaching a key resistance level at $106,200 supported by the RSI which is at 69. 

However, the downside risk remains if Bitcoin fails to maintain the important support level at $100,000, which could trigger further selling to test the psychological level of $95,668 or even lower. 

Current market sentiment tends to be mixed, with increased institutional interest a positive driver, but selling pressure and macroeconomic uncertainty remain threats. 

Therefore, although there is a chance of an increase towards $110,000 or higher, investors are advised to remain cautious and monitor market developments closely in anticipation of significant movements in any direction.

FAQ

1. What caused Bitcoin's price drop below $100.000?

Bitcoin price drop below $100.000 caused by a combination of several main factors. One of them is profit taking by investors after Bitcoin reached a record high in $109.588 in January 2025. In addition, concerns over the tariff policies announced by the Donald Trump administration fueled market uncertainty, thereby pushing investors away from risky assets such as Bitcoin. Another factor that exacerbated the situation was the massive liquidation of leveraged positions, which amplified the selling pressure in the crypto market.

2. What are the latest support and resistance levels for Bitcoin?

The latest support level for Bitcoin is currently at $95,668. If this level is broken, there is a possibility that the price will fall further to the next psychological level nearby $90,000. On the other hand, the main resistance level is at $106,200. If Bitcoin manages to break through this resistance level with strong volume, there is an opportunity to re-enter the bullish trend and move towards $110,000 or higher.

3. What is the Bitcoin price outlook for February 4, 2025?

After falling below $100,000, the Bitcoin price outlook shows the potential for movement in a range $95,668 until $106,200. If Bitcoin is able to break through resistance at $106,200, this could trigger significant bullish momentum. However, if the price continues to fall and fails to stay above the support level $95,668, the market may experience further bearish pressure with the next target nearby $90,000. Current market sentiment remains mixed, with strong selling pressure but also supported by increasing institutional interest in crypto assets as a long-term investment. Investors are advised to continue to monitor market developments closely to anticipate further significant movements.

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