#Write2Earn Bitcoin (BTC) Price Analysis for February 8

The growth continues on the cryptocurrency market, according to CoinStats.

BTC chart by #coinstats

BTC/USD

The rate of Bitcoin (#BTC ) has increased by almost 5% over the last 24 hours.

Image by TradingView

On the hourly chart, the price of $BTC keeps setting new local peaks. Currently, one should pay attention to the daily bar closure in terms of the $44,873 level.

Image by TradingView

On the bigger time frame, the rate of BTC is growing after a breakout of the $44,000 zone. If the current candle closes with no long wick, the accumulated energy might be enough for a test of the nearest resistance level of $46,516.

Image by #tradingview

From the midterm point of view, traders should pay attention to the weekly bar closure. If it happens near the interim level of $46,000, there is a chance to see a test of the $48,000 range by the end of the month.

Bitcoin is trading at $45,361 at press time.#TrendingTopic