The post Bitcoin Price Prediction For Feb 5th appeared first on Coinpedia Fintech News
Bitcoin (BTC) price failed to sustain above $100k on Tuesday, amid the renewed hope for the resolution in the United States-Mexico-Canada Agreement (USMCA). Ahead of the planned talk between US President Donald Trump and Chinese President Xi Jinping, Beijing has scheduled to implement a 15 percent tariff on U.S. coal and liquefied natural gas (LNG) among other control measures in the coming days.
The short-term macroeconomic uncertainty has impacted major stock indexes in a bearish outlook. With the crypto industry, led by Bitcoin, depicting a positive correlation with major stock indexes, most crypto experts believe taking some profits is prudent.
Key Targets for Bitcoin Today
To understand how Bitcoin price is likely to perform in the next 24 hours, it is prudent to study the price action for the past three months. From a technical analysis point of view, Bitcoin price has been forming
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