Bitcoin Price Prediction Today 05th February 2025!
The cryptocurrency market has lost ~2.25% to its valuation in 24 hours with a trading volume of $190.85 billion. With this, the global crypto market cap is currently valued at $3.22 Trillion. Moreover, the price of Bitcoin is back around the $98,000 mark, highlighting increased bearish influence.With the market sentiments recording increased uncertainty in the shorter timeframe, is this a good time to invest in Bitcoin? In this article, we have covered the short-term market sentiment and the possible Bitcoin (BTC) price analysis.BTC Price Records Consolidated Price Action!The Bitcoin price has dropped by 1.07% in 24 hours with a trading volume of $69.911 billion, a change of -20.76%. Moreover, it has lost 4.34% over the last seven days and has plunged by around 1.5% in 30 days. With a market cap of $1.935 Trillion, it has a market dominance of 60.46%.TradingView: BTC/USDTThe Simple Moving Average (SMA) constantly acts as a resistance to the Bitcoin price chart in the daily time frame. This suggests a strong bearish sentiment for the largest crypto token in the market.Furthermore, the RSI indicator continues hovering around the neutral point in the 1D time frame. Moreover, the average trendline displays a negative trend. This indicates that the price of Bitcoin may continue losing value this week.Bitcoin ETF Records A Record Inflow Of Over $340.7 Million!Over the past 24 hours, all Bitcoins ETFs have displayed a neutral or a positive flow for the first time this month. Reportedly, BlackRock’s “IBIT” recorded the highest inflow of $249 million, followed by Ark’s “ARKB” with $56.11 million.Source: SoSoValueOn the other hand, no BTC ETF have recorded a negative flow over the past 24 hours. With this, the Bitcoin ETF concluded on 04th February with a net flow of +$340.71 million.Will BTC Price Rise Back Up?If the BTC price reclaims the $100k mark, this could result in it heading toward its upper resistance level of $102,000. Maintaining the price at that level could set the stage for it to reclaim the $105k in the upcoming time.On the contrary, if the bears outrun the bulls, the Bitcoin price could drop toward its immediate support level of $95,000. Furthermore, if the bearish sentiment intensifies, the price of BTC could retest its low of $92,000.Are you wondering if the BTC price will hit a new ATH in 2025? Read our latest Bitcoin Price Prediction to uncover the possible long-term mysteries!FAQsWhy Bitcoin price is falling?Amid the ongoing global tensions, the cryptocurrency market has experienced a short pullback in its valuation.How much will $1 Bitcoin be worth in 2025?If the bulls regain momentum, the BTC price could reach a maximum of $170,000 this year.How much is Bitcoin worth right now?At the time of writing, the price of one BTC token was $98,026.03. We'd Love to Hear Your Thoughts on This Article!Was this writing helpful?