Bitcoin Price Prediction for Feb 5th: Should You Hold or Sell?

Bitcoin (BTC) price stumbled below $100K on Tuesday, but the story behind this drop is more complex than it seems. With global tensions rising and crucial trade talks between U.S. President Donald Trump Donald Trump   Donald J. Trump is a US-based entrepreneur, Pro-crypto Politician, and the 45th and 47th President of the United States of America. He understands the importance and needs of the modern fintech world, and people look up to him as a dominant pro-crypto leader.   Quick Facts   Full name Donald John Trump Birth 14-06-1946, New York, United States Nationality American Education BS from the University of Pennsylvania Known For Businessman, Pro-Crypto Politician   Once doubtful about Bitcoindominance, he said in a tweet in 2019, “I am not a fan of Bitcoin", but now has a significant amount of cryptocurrency holdings in his kitty. He has also signed an Executive Order to establish a Strategic Bitcoin Reserve, which highlights his commitment to the future of cryptocurrency.   Donald Trump - Career Highlights & Events   2016 – Elected as the 45th President of the United States from the Republican Party.   2017 – Signed the Tax Cuts and Jobs Act, impacting investment environments   2019 – Criticized Bitcoin and Libra on X, dubbing them as "not money"   2024 – Campaign signals potential openness to crypto-friendly reforms   2025 –  Elected as the 47th President of the United States from the Republican Party.   A meme coin, $TRUMP, is associated with Donald Trump, which is listed on the Solana blockchain platform. His family also backs World Liberty Financial (WLF), a crypto venture.     President and Chinese President Xi Jinping looming, the cryptocurrency market is at a very uncertain stage right now.

Just days before the talks, Beijing revealed a 15% tariff on U.S. coal and liquefied natural gas (LNG) – and this is only the beginning. What’s coming for Bitcoin?

Let’s take a closer look at how these events are shaping the market.

Global Markets Are Under Pressure

The growing uncertainty in the global economy has led to a bearish outlook on major stock indexes, which has also impacted the cryptocurrency market. Bitcoin, in particular, has been closely tied to these indexes, and many crypto experts suggest it may be wise to take some profits during this time.

Key Targets for Bitcoin Today

To understand how Bitcoin might perform in the next 24 hours, it’s helpful to look at its price action over the past three months. Bitcoin has been moving within a horizontal range, with the upper boundary between $108K and $109K, and the lower boundary between $89K and $91.5K.

Recently, Bitcoin has followed a downward trend, with lower lows and lower highs. This suggests that Bitcoin may dip below the support level of $96K again, with a potential midterm target around $91K.

However, if Bitcoin breaks above its current downward trendline on the four-hour chart, it could signal a shift in sentiment, invalidating the bearish outlook and opening the door for a potential reversal.

Market Picture

The ongoing tariff wars and economic uncertainty have added to the debate over the creation of a strategic Bitcoin reserve in the U.S. While President Trump signed an executive order to help establish the reserve, individual states have moved ahead of the federal government, taking the lead in efforts to build a Bitcoin reserve.

The Leaders Stand Strong

Meanwhile, BlackRock’s iShares Bitcoin Trust (IBIT) has kept up its aggressive Bitcoin buying, recording a net cash inflow of $249 million on Tuesday. This brings the total value of its assets to about $57.7 billion. It seems that institutional investors may not run away that fast, after all.

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