{"id":31264,"date":"2025-02-03T13:26:49","date_gmt":"2025-02-03T13:26:49","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=31264"},"modified":"2025-02-04T06:24:43","modified_gmt":"2025-02-04T06:24:43","slug":"bitcoin-technical-analysis-report-3rd-feb-2025","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/bitcoin-technical-analysis-report-3rd-feb-2025","title":{"rendered":"Bitcoin Technical Analysis Report | 3rd Feb 2025"},"content":{"rendered":"\n

On February 2nd, Bitcoin slipped below the $100,000 mark following U.S. President Donald Trump’s decision to impose tariffs on imports from China, Canada, and Mexico a day earlier. The move raises concerns about inflation, which could prompt higher interest rates and lead to a risk-off sentiment, dampening demand for crypto assets. Additionally, Bitcoin\u2019s struggle to break past the $109,588 resistance level may have led short-term traders to take profits, further pressuring the price. This resulted in a pullback to the 100-day simple moving average (SMA) at $93,500.<\/p>\n\n\n\n

At the time of writing, BTC was trading at $94,010.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

BTC is struggling to sustain at higher levels. The asset witnessed a sharp correction after making a new all-time high of $109,588 and is currently trading in red over the past 4 days. The prices fell almost by 16.5% making a low of $91,231 today. BTC has a strong support zone at $90,000 to $85,000. The bulls can resume the up move if the price holds and sustains above the support.

Key Levels:<\/strong><\/p>\n\n\n\n

Support 2<\/strong><\/td>Support 1<\/strong><\/td>Asset<\/strong><\/td>Resistance 1<\/strong><\/td>Resistance 2.<\/strong><\/td><\/tr>
$85,000<\/td>$90,000<\/td>BTC<\/strong><\/td>$110,000<\/td>$125,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

In the grand scheme of things, ZebPay blogs are here to provide you with crypto wisdom\u2014get started today and join 6 million+ registered users to explore endless features on ZebPay!<\/p>\n\n\n\n

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trade now<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

On February 2nd, Bitcoin slipped below the $100,000 mark following U.S. President Donald Trump’s decision to impose tariffs on imports from China, Canada, and Mexico a day earlier. The move raises concerns about inflation, which could prompt higher interest rates and lead to a risk-off sentiment, dampening demand for crypto assets. Additionally, Bitcoin\u2019s struggle to […]<\/p>\n","protected":false},"author":1,"featured_media":30199,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[26],"tags":[310,16],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/31264"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=31264"}],"version-history":[{"count":2,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/31264\/revisions"}],"predecessor-version":[{"id":31330,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/31264\/revisions\/31330"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/30199"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=31264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=31264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=31264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}