CandleFocus AI predicts Bitcoin price for February 28, 2025
2025-02-02
Author: Content Editor
The price of Bitcoin has been affected by market uncertainty resulting from the US implementing tariffs on Canada, Mexico, and China. Bitcoin has lost the $100,000 support zone and is currently trading at $98,416. Despite this, an AI tool predicts a bullish outlook for Bitcoin, with an average price target of $104,000 by February 28, 2025. Multiple factors such as the golden cross, positive market sentiment, and regulatory clarity are cited as catalysts for further upside. Analysts believe Bitcoin has long-term growth potential, with the possibility of a breakout and new all-time high in the near future. The primary hurdle is the $106,000 resistance, but a breakout above this level could drive Bitcoin towards $120,000. Macro indicators suggest Bitcoin is not in a bubble and has room to grow.
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