Bitcoin (BTC) Price Analysis for February 13

On the last working day of the week, the market is mainly rising, according to CoinStats.

BTC/USD

The price of Bitcoin (BTC) has gone up by 1% since yesterday.

On the hourly chart, the rate of BTC is rising after a breakout of the local resistance at $67,155. If the daily bar closes far from that mark, the upward move may continue to the $70,000 zone.

On the longer time frame, traders should focus on the candle’s closure in terms of the nearest level at $71,673. 

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If the bar closes near it or above, the accumulated energy might be enough for ongoing growth to $75,000 area.

From the midterm point of view, the situation remains bearish while the price of the main crypto is below the $76,600 level. However, if the weekly candle closes above that mark, traders may expect a midterm rise of BTC.

Bitcoin is trading at $68,882 at press time.