Bitcoin ($BTC) Crypto Forecast: Down 5.2% Today

What is Bitcoin?

Bitcoin (BTC) is the first and most well-known cryptocurrency in the market. It has a significant impact on the overall cryptocurrency market movement.

Why is Bitcoin going down?

BTC crypto is down 5.2% on Feb 4, 2025 21:57

• The bearish movement of BTC today could be attributed to a large transfer of funds from a historic wallet. The movement of $5 million worth of BTC mined 15 years ago might have triggered concerns among investors, leading to a sell-off.
• The recent developments of US lawmakers creating a working group to establish crypto regulations and the President exploring the idea of a strategic Bitcoin reserve may have introduced uncertainty in the market, influencing the bearish sentiment.
• Despite optimistic forecasts from experts regarding a potential surge in Bitcoin's price, the current market response appears to have been overshadowed by the historic fund transfer and regulatory deliberations, contributing to today's bearish trend.

BTC Price Chart

BTC Technical Analysis

BTC News

US lawmakers form working group to draft crypto rules as Bitcoin reserve plan gains traction

US lawmakers form working group to draft crypto rules as Bitcoin reserve plan gains traction

https://cryptobriefing.com/us-lawmakers-crypto-working-group/

Early Satoshi-Era Whale Moves $5 Million Worth Of BTC Mined 15 Years Ago

Early Satoshi-Era Whale Moves $5 Million Worth Of BTC Mined 15 Years Ago

https://zycrypto.com/early-satoshi-era-whale-moves-5-million-worth-of-btc-mined-15-years-ago/

President Tells Crypto Czar to ‘Evaluate’ Strategic Bitcoin Reserve, Says David Sacks

President Tells Crypto Czar to ‘Evaluate’ Strategic Bitcoin Reserve, Says David Sacks

https://news.bitcoin.com/president-tells-crypto-czar-to-evaluate-strategic-bitcoin-reserve-says-david-sacks/

Pundit Predicts XRP’s Meteoric Moonshot Will Make Bitcoin’s Post-ETF Rally ‘Look Like Child’s Play’

Pundit Predicts XRP’s Meteoric Moonshot Will Make Bitcoin’s Post-ETF Rally ‘Look Like Child’s Play’

https://zycrypto.com/pundit-predicts-xrps-meteoric-moonshot-will-make-bitcoins-post-etf-rally-look-like-childs-play/

President Trump’s Tariffs Will Send Bitcoin (BTC) Higher and Faster, Says Bitwise Executive – Here’s Why

President Trump’s Tariffs Will Send Bitcoin (BTC) Higher and Faster, Says Bitwise Executive – Here’s Why

https://dailyhodl.com/2025/02/04/president-trumps-tariffs-will-send-bitcoin-btc-higher-and-faster-says-bitwise-executive-heres-why/

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Bitcoin Price History

04.01.2025 - BTC Crypto was up 7.2%

• Positive reassessment of crypto regulations in India in alignment with global trends potentially influenced BTC's price.
• Bitcoin's entry into the oversold zone on the 4-hour RSI could have sparked a rebound, drawing buyers back into the market.
• Bitcoin's price hitting $100K likely boosted investor confidence, resulting in increased buying pressure and driving the bullish movement.
• Tom Lee's cautious Bitcoin outlook for February may have been overlooked given the prevailing positive market sentiment, particularly with stocks appearing attractive amid economic uncertainties.

04.01.2025 - BTC Crypto was up 5.4%

• BTC displayed a strong bullish movement, bouncing back from oversold levels as per the RSI indicator.
• Possible doubts in the market about DOGE excitement and uncertainties regarding Elon Musk's impact may have refocused interest on BTC, leading to a price increase.
• The occurrence of a rare golden cross between XRP and Bitcoin possibly generated excitement in alternative cryptocurrencies, indirectly benefiting BTC.
• Despite a general market decline, BTC exhibited strength, potentially drawing in investors seeking a stable asset amid market fluctuations.

04.01.2025 - BTC Crypto was up 7.8%

• BTC surpassed the $100k mark once again, experiencing a strong bullish movement likely fueled by positive market sentiment and anticipation surrounding an upcoming press conference on U.S. crypto strategy.
• The temporary halt on tariffs may have boosted both BTC and altcoins as investors turned to alternative assets amidst economic uncertainties.
• Although an initial decline followed the tariff news, the rise in long positions on Bitcoin signifies increasing confidence in its long-term potential, leading to a price recovery.
• The notable surge in XRP and the attention-grabbing video featuring prominent Bitcoin advocate Michael Saylor, shared by a key player in the tech industry, could have influenced the positive momentum seen across the cryptocurrency market, including Bitcoin.

04.01.2025 - BTC Crypto was up 8.9%

• Bitcoin surged past $100,000, rebounding from a recent dip below $92,000, following a significant decision that boosted risk-on sentiment.
• The temporary event contributed to Bitcoin hitting an intraday high of $102,500, showcasing the impact of external factors on the cryptocurrency market.
• Despite skepticism about Bitcoin's long-term value, the market sentiment today was driven by geopolitical developments rather than fundamental analysis.
• Bitcoin's dominance crossing 60% signaled a potential shift towards more established cryptocurrencies, impacting the broader altcoin market negatively.

04.01.2025 - BTC Crypto was up 6.9%

• Bitcoin showed a bullish movement recently, potentially influenced by favorable market sentiment and a general uptrend in the cryptocurrency market.
• Observations of a distribution cycle in Bitcoin's market performance may have spurred investor interest in the digital asset, leading to increased buying activity.
• Speculation surrounding Ripple's XRP price forecast and the optimistic sentiment towards cryptocurrencies in general might have played a role in the positive momentum for Bitcoin.
• The halting of Trump's tariffs and its potential global economic impact could have drawn investors towards alternative assets like Bitcoin as a hedge against uncertainties in traditional markets.

04.01.2025 - BTC Crypto was up 5.7%

• BTC experienced a bullish movement today, possibly driven by positive market sentiment and increased investor confidence in the cryptocurrency.
• Mentions of XRP's price prediction and Ripple whales dumping XRP for another altcoin may have diverted attention away from XRP towards BTC, contributing to its bullish movement.
• Reports of Bitcoin showing signs of a distribution cycle could have sparked a sense of urgency among investors to capitalize on BTC's upward momentum, further fueling its bullish trend.
• Overall, BTC's bullish movement today could be a result of a combination of positive market sentiment, shifting focus from other cryptocurrencies, and a sense of urgency among investors to take advantage of potential gains.

04.01.2025 - BTC Crypto was up 5.7%

• The bullish movement of BTC could be attributed to the overall positive sentiment in the cryptocurrency market.
• The recommendation to choose MicroStrategy Inc. (MSTR) bonds over Bitcoin in the U.S. sovereign wealth fund announcement might have diverted some attention and funds towards Bitcoin, contributing to its bullish movement.
• The collapse of the meme coin market could have also led investors to shift their focus back to more established cryptocurrencies like Bitcoin, driving up its price.

04.01.2025 - BTC Crypto was down 5.2%

• The bearish movement of BTC today could be attributed to a large transfer of funds from a historic wallet. The movement of $5 million worth of BTC mined 15 years ago might have triggered concerns among investors, leading to a sell-off.
• The recent developments of US lawmakers creating a working group to establish crypto regulations and the President exploring the idea of a strategic Bitcoin reserve may have introduced uncertainty in the market, influencing the bearish sentiment.
• Despite optimistic forecasts from experts regarding a potential surge in Bitcoin's price, the current market response appears to have been overshadowed by the historic fund transfer and regulatory deliberations, contributing to today's bearish trend.

04.01.2025 - BTC Crypto was up 5.0%

• BTC experienced a bullish movement likely due to positive sentiment in the overall cryptocurrency market.
• The news about XRP hitting a golden cross against Bitcoin may have contributed to the positive momentum in the crypto space, boosting confidence among investors.
• Speculation around the U.S. potentially buying Bitcoin through a sovereign wealth fund could have added to the overall optimism in the market, driving up prices of major cryptocurrencies like BTC.
• The focus on crypto mining in Russia utilizing surplus energy showcases the growing interest and infrastructure development in the cryptocurrency sector, further supporting the positive sentiment for BTC and other digital assets.

04.01.2025 - BTC Crypto was up 7.0%

• Despite concerns over external economic factors impacting Bitcoin's price, the cryptocurrency saw a strong bullish movement, breaking the $100k mark again.
• The increase in long positions on Bitcoin may be attributed to positive market sentiment and anticipation surrounding an upcoming event on U.S. crypto strategy.
• A significant purchase of $5 million worth of Bitcoin could have contributed to the bullish momentum, signaling confidence in the cryptocurrency's future prospects.
• The oversold signal on Bitcoin's 4-hour Relative Strength Index (RSI) may have sparked optimism among traders for a potential rebound in BTC's price, further fueling the bullish market movement.

04.01.2025 - BTC Crypto was up 5.1%

• Dogecoin's price correction and potential recovery to $1 may have diverted some attention away from BTC, allowing it to surge.
• A significant purchase of Bitcoins by Semler Scientific could have boosted confidence in the overall cryptocurrency market, including BTC.
• The increased purchases of SOL by Sol Strategies, akin to MicroStrategy's Bitcoin strategy, may have signaled growing institutional interest in cryptocurrencies, positively impacting BTC.
• Market skepticism towards Dogecoin's hype and Elon Musk's influence might have driven investors towards more established cryptocurrencies like BTC, leading to its bullish movement.

04.01.2025 - BTC Crypto was up 7.9%

• BTC experienced a strong bullish movement today, surpassing $100,000, following a brief dip below $92,000.
• The announcement related to President Trump's executive order outlining plans for a sovereign wealth fund that may involve Bitcoin attracted the attention of crypto experts, contributing to positive sentiment in the market.
• The market reacted favorably to the revelation that World Liberty Financial shifted assets, selling ETH and WBTC to Coinbase. This movement hinted at an asset reallocation that could have indirectly influenced BTC's price surge.
• The potential incorporation of Bitcoin and Ethereum in Trump's sovereign wealth fund, alongside the view of Bitcoin's price drop as a buying possibility for institutional investors, likely fueled the upward trend in the cryptocurrency market today.