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Video: Bitcoin Price Prediction for February 2021 – Musk/Tesla Buy 1.5B Bitcoin!

February 9, 2021 at 19:12 by Vladimir Vyun

In the present video, David Jones from Capital.com provides his forecast for bitcoin in February 2021, trying to answer the question: was the recent rally of the cryptocurrency a false breakout or it proved that the bullish momentum persists? He starts the video with fundamental analysis, explaining factors behind the recent surge and what fundamentals will be influencing bitcoin in the near future. Next, David lists the major support and resistance levels. He then turns to technical analysis, showing charts and technical indicators, trying to predict where prices may go next. In the end, David decides he wants to be a buyer but refrains from buying just yet, though suggests various strategies traders may employ.

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