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iMBjJq title "><h1>Crypto Daily: Bitcoin Rose By 22% in 5 days</h1></div></div><div class="time_date_block"><ul class="time_date"><li>Feb 08, 2022</li><li>11:02</li><li>2 min reading</li></ul></div><div class="content"><div class="main_image"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="Crypto Daily: Bitcoin Rose By 22% in 5 days" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F02%2Fdaily_8th_jan.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F02%2Fdaily_8th_jan.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F02%2Fdaily_8th_jan.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F02%2Fdaily_8th_jan.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F02%2Fdaily_8th_jan.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F02%2Fdaily_8th_jan.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F02%2Fdaily_8th_jan.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F02%2Fdaily_8th_jan.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F02%2Fdaily_8th_jan.jpg&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/></span></div><div class="content_block"><p>Over the past 24 hours, the Bitcoin price has increased by another 3% and surpassed $44,000. Trading volume soared 25% to $27 billion yesterday. The altcoin market followed Bitcoin and slightly grew as well. However, the Bitcoin market dominance still stands at 42%, attracting the main attention to the first cryptocurrency.</p><p>Let’s take a look at the Bitcoin chart and try to understand where the price will move to in the coming days:</p><p><img loading="lazy" class="alignnone wp-image-13140 size-full" src="https://wp.prod.testessential.net/wp-content/uploads/2022/02/BTCUSDT_2022-02-08_09-40-55-1.png" alt="" width="1478" height="871"/></p><p>Over the last 5 days, Bitcoin has already grown by 22%. Due to this, the chart broke two descending trend lines immediately and fixed above them. Meanwhile, sellers offered little significant resistance. During all liquidations, short traders lost about $500 million, which is troubling as it hardly indicates psychologically important levels.</p><p>The 4-hour chart doesn’t look clear as well. After reaching $41,000, the price seems to have stagnated. For two days, Bitcoin has been staying in the $41,000 – $42,000 area. We assume that someone deliberately keeps the price at the same level. In addition, after a sharp 12% increase in one day, such calmness suggests that the market participants either keep staying away or do not believe in Bitcoin’s growth.</p><p>Nevertheless, we can now say that the upside potential has increased slightly on the daily chart and the $45,000 level will be key for Bitcoin. If buyers succeed in breaking it, then the price may rise quickly by another 5-6% and reach $47,000-$48,000, which is a strong resistance level. However, it will be almost impossible to break this zone at the first attempt.</p><p>It should also be noted that the level of fear on the market has decreased significantly in recent days. This means that many market participants are currently watching the chart and planning their purchases. If the upward trend continues, we may soon see an increase in the market activity and volatility. So far, the majority is still waiting for a denouement and trying to figure out the direction the price may take further.</p></div></div><ul class="sc-e7e481b7-0 lppuYx"><li><a href="/news">News</a></li><li><a href="/news/dailyanalysis">Daily Analysis</a></li><li><span>Crypto Daily: Bitcoin Rose By 22% in 5 days</span></li></ul><div class="sc-ebb48054-0 hLmiTg"><button aria-label="twitter" class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/twitter.svg" alt="Crypto Daily: Bitcoin Rose By 22% in 5 days"/></button><button aria-label="telegram" class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/telegram.svg" alt="Crypto Daily: Bitcoin Rose By 22% in 5 days - Telegram"/></button><button aria-label="facebook" class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/facebook.svg" alt="Crypto Daily: Bitcoin Rose By 22% in 5 days - Facebook"/></button></div></section></div></section></main><footer class="sc-9640b8d4-0 epzLSr"><div class="sc-e7592e74-0 hAXvnP center_block " width="1200px"><div class="top"><div class="footer_nav"><h3>explore choise.com</h3><div class="list"><div class="sc-33c94fe2-0 jizGAf join"><a rel="noreferrer nofollow" target="_blank" href="https://choisecom.medium.com/choise-com-metafi-roadmap-discover-q1-updates-17b91da91b78" type="button"><p>What’s next?</p><span class="front"></span><span class="back"></span></a></div><a href="/">Main</a><a href="/nft">NFT</a><div class="sc-f90d5357-0 pPzjP documentation"><a href="https://docs.choise.com/more/token-and-tokenomics" rel="noreferrer nofollow" target="_blank">Documentation</a></div><a href="https://bscscan.com/address/0xCe90D38B084Aad57bc26C5C66F377d6DF7882846" target="_blank" rel="noreferrer nofollow">NFT Smart Contract</a><a href="/help#conditions">conditions</a></div></div><div class="social"><a rel="noreferrer nofollow" target="_blank" href="https://t.me/choise_com">Telegram</a><a rel="noreferrer nofollow" target="_blank" href="https://discord.gg/GQbcNbRWSm">Discord</a><a rel="noreferrer nofollow" target="_blank" href="https://twitter.com/ChoiseCom">Twitter</a><a rel="noreferrer nofollow" target="_blank" href="https://choisecom.medium.com/">Medium</a></div></div><div class="bottom"><div class="logo"><a href="/"><img src="/pic/logo-white.svg" alt="Choise.com white"/></a></div></div><div class="footer_description"><div class="item"><p>The Choise website and Choise mobile apps are owned by the company incorporated in the Republic of Seychelles with company number IBC No. 233581, registered office at 102, Aarti Chambers, Mont Fleuri, Victoria, Mahe, Seychelles which is regulated by the laws of that country.</p><p>Crypterium AS is incorporated in Estonia with company number 14352837 with a registered office at 5 A. 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Not all products and services are available in all geographic areas and are subject to applicable terms and conditions. Eligibility for particular products and services is subject to final determination by Сhoise. Rates for Choise products are subject to change.</p></div></div></div></footer></div><script id="__NEXT_DATA__" type="application/json">{"props":{"pageProps":{"category":"dailyanalysis","data":{"id":"cG9zdDoxMzEzNw==","databaseId":13137,"title":"Crypto Daily: Bitcoin Rose By 22% in 5 days","slug":"crypto-daily-bitcoin-rose-by-22-in-5-days","date":"2022-02-08T11:32:02","modified":"2022-02-08T11:36:58","content":"\u003cp\u003eOver the past 24 hours, the Bitcoin price has increased by another 3% and surpassed $44,000. Trading volume soared 25% to $27 billion yesterday. The altcoin market followed Bitcoin and slightly grew as well. However, the Bitcoin market dominance still stands at 42%, attracting the main attention to the first cryptocurrency.\u003c/p\u003e\n\u003cp\u003eLet\u0026#8217;s take a look at the Bitcoin chart and try to understand where the price will move to in the coming days:\u003c/p\u003e\n\u003cp\u003e\u003cimg loading=\"lazy\" class=\"alignnone wp-image-13140 size-full\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2022/02/BTCUSDT_2022-02-08_09-40-55-1.png\" alt=\"\" width=\"1478\" height=\"871\" /\u003e\u003c/p\u003e\n\u003cp\u003eOver the last 5 days, Bitcoin has already grown by 22%. Due to this, the chart broke two descending trend lines immediately and fixed above them. Meanwhile, sellers offered little significant resistance. During all liquidations, short traders lost about $500 million, which is troubling as it hardly indicates psychologically important levels.\u003c/p\u003e\n\u003cp\u003eThe 4-hour chart doesn\u0026#8217;t look clear as well. After reaching $41,000, the price seems to have stagnated. For two days, Bitcoin has been staying in the $41,000 \u0026#8211; $42,000 area. We assume that someone deliberately keeps the price at the same level. In addition, after a sharp 12% increase in one day, such calmness suggests that the market participants either keep staying away or do not believe in Bitcoin\u0026#8217;s growth.\u003c/p\u003e\n\u003cp\u003eNevertheless, we can now say that the upside potential has increased slightly on the daily chart and the $45,000 level will be key for Bitcoin. If buyers succeed in breaking it, then the price may rise quickly by another 5-6% and reach $47,000-$48,000, which is a strong resistance level. However, it will be almost impossible to break this zone at the first attempt.\u003c/p\u003e\n\u003cp\u003eIt should also be noted that the level of fear on the market has decreased significantly in recent days. This means that many market participants are currently watching the chart and planning their purchases. If the upward trend continues, we may soon see an increase in the market activity and volatility. So far, the majority is still waiting for a denouement and trying to figure out the direction the price may take further.\u003c/p\u003e\n","excerpt":"\u003cp\u003eOver the last 5 days, Bitcoin has already grown by 22%.\u003c/p\u003e\n\u003cp\u003eNow, we can say that the upside potential has increased slightly on the daily chart and the $45,000 level will be key for Bitcoin.\u003c/p\u003e\n","categories":{"nodes":[{"id":"dGVybTo4Mg==","name":"Daily Analysis","slug":"dailyanalysis"}]},"featuredImage":{"node":{"sourceUrl":"https://wp.prod.testessential.net/wp-content/uploads/2022/02/daily_8th_jan.jpg","mediaDetails":{"height":1256,"width":2400}}},"openGraphPic":{"h1title":null,"openGraphPic":{"sourceUrl":"https://wp.prod.testessential.net/wp-content/uploads/2022/02/BTCUSDT_2022-02-08_09-40-55.png"}},"ACFSeo":{"seoTitle":null,"seoKeywords":null,"seoDescription":null}}},"__N_SSP":true},"page":"/news/[category]/[slug]","query":{"category":"dailyanalysis","slug":"crypto-daily-bitcoin-rose-by-22-in-5-days"},"buildId":"ZmBRivYwae_5Hsc4N_EU1","isFallback":false,"gssp":true,"locale":"en","locales":["en"],"defaultLocale":"en","scriptLoader":[]}</script></body></html>