On February 04, 2025, it is evident that Bitcoin’s price has experienced a rise compared to the previous close. In the preceding day, Bitcoin established a downward trajectory, which triggered hesitation among traders. However, a pin bar performs as a signal bar, followed by a full-body green key bar supported at $91,200 (UTC 07:30). In the midday, the price began to recover. This was confirmed by the Golden Cross at UTC 19:55. Following this price recovery, on February 04, 2025, Bitcoin began to increase with decent price gains in its initial trading hours. In the midday, a breakout below an important psychological $100,000 suggests a possible decrease in price.
Chart 1 – Analyzed by alioliyaee_f, published on TradingView, Feb 04, 2025
Bitcoin Price Analysis and Key Support Levels
From a fundamental perspective, Bitcoin price has declined to $91,200 following the US President Trump’s tariff announcement. As the crypto market tumbled, investors panicked whether the price would stabilize or continue its downward momentum. As illustrated in Chart 1, the preceding day kicked off with a dip at $91,200. A pin bar and key bar at this level supported and signaled a price rise. As expected, Bitcoin’s price has moved in an ascending channel. A pin bar and red key bar at $95,600 signaled a resistance level and pull-down to $94,800. However, it was just a short-term downfall.
At UTC 14:45, a Doji bar performed as a signal bar, followed by a green key bar, signaled a support level and moved in an upward channel. This upward movement was confirmed by the Golden Cross on MACD. The price spike has encountered a breakout and begins to rebound at a higher level. In the midst of the upward channel, a short-time downfall occurred at UTC 20:40. The death cross on MACD asserted its downtrend. At UTC 22:25, Bitcoin reached $102,253, the top price of the day. By the end of February 03, 2025, BTC had a short pullback and closed at $101,262.
On February 04, 2025, Bitcoin’s price began with a short rise to $101,649. However, at UTC 05:40, a pin bar followed by a full-body red key bar at $100,000 signaled a breakout below a psychological round number support level.
Since the crypto market had a sharp decline on February 3, 2025, dominators like Bitcoin have been fighting hard to reach their all-time high in the market cap. This has created fear among traders, and hence, they are looking for promising presale coins that afford low-risk investment opportunities.
Is DexBoss the Next Crypto To Explode?
Following Bitcoin’s price recovery, the presale market is striving to thrive in the tumbled crypto market. In such context, DexBoss is one of the promising crypto presales set to become the next crypto to explode in the upcoming bull run. This decentralized trading edge platform bridges the traditional and decentralized finance networks with comprehensive key functionalities.
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DexBoss’s native cryptocurrency, DEBO, is currently in the Early Bird offerings. The presale price of DEBO is $0.011, and it will be listed at $0.505 on the decentralized exchanges. In due course, the presale has pursued $549,752.06 from its $750,000 goal. As of February 04, 2025, over 73% of DEBO tokens have been sold in the ongoing presale.
As navigation issues are bounded in the prevailing DeFi trading platforms, DexBoss is incorporated with dedicated blockchain technology. This simplified trading platform is built with potential opportunities to trade over 2000 cryptocurrencies from one ecosystem. From viral meme tokens to exclusive crypto tokens on DEX, every coin can be accessible on DexBoss. The near real-time order execution is an added perk where no lags could be encountered.
Wrap Up
In a volatile market, bear movements are unavoidable, especially for the top dominant like BTC. After Trump’s tariff announcement, the crypto world was poised for a sudden fall. As a result, Bitcoin fought hard to rebound to its higher levels. After a huge dip, the price of BTC again regained its bullish momentum in the marketplace. However, the sharp decline in the market drew investors’ attention to promising crypto presales. Investors who are looking for explosive presale tokens should keep an eye on DexBoss. Its notable trading opportunities hint that this token could be the next crypto to explode in the nearing bull run. However, before investing in any new crypto coins, always ensure their strong background and community.
