Bitcoin (BTC) Price Prediction for February 13

The market is mainly green, however, there are some exceptions to the rule, according to CoinMarketCap.

BTC/USD

The rate of Bitcoin (BTC) is unchanged since yesterday.

On the hourly chart, the price of BTC is near the local support of $95,834. If sellers’ pressure continues and a level breakout happens, one can expect a test of the $95,000 area soon.

On the bigger time frame, bulls have failed to keep growing after yesterday’s bullish closure.

If the daily bar closes around the current prices or below, there is a chance to see drop to the $92,000-$94,000 range soon.

From the midterm point of view, none of the sides is dominating. The volume remains low, which means traders are unlikely to expect sharp ups or downs soon.

Bitcoin is trading at $96,196 at press time.

Source