The prices of coins keep rising, however, there are some exceptions, according to CoinMarketCap.
![83028ff8de8ceaed17f834e5cb7d0566cbcf292b Bitcoin (BTC) Price Prediction for March 2](https://i0.wp.com/pandoraland.info/wp-content/uploads/2024/05/83028ff8de8ceaed17f834e5cb7d0566cbcf292b.png?w=640&ssl=1)
BTC/USD
The rate of Bitcoin (BTC) has declined by 1.02% over the last 24 hours.
![4bb0895922431407695dab79b8c19567ecfde397 Bitcoin (BTC) Price Prediction for March 2](https://i0.wp.com/pandoraland.info/wp-content/uploads/2024/05/4bb0895922431407695dab79b8c19567ecfde397.png?w=640&ssl=1)
On the hourly chart, the price of BTC is trading near the local support level of $61,711. If the daily bar closes near it, one can expect a correction to the $61,000 zone tomorrow.
![09b1594c4583bd1a8f9b44285f419bc748465cdd Bitcoin (BTC) Price Prediction for March 2](https://i0.wp.com/pandoraland.info/wp-content/uploads/2024/05/09b1594c4583bd1a8f9b44285f419bc748465cdd.png?w=640&ssl=1)
On the bigger time frame, the situation is less clear as neither bulls nor bears have seized the initiative for a further move yet.
In this case, sideways trading in the area of $61,000-$63,000 is the more likely scenario for next week.
![826d54e287cdfaf50e828c313a4af0f85fe619c9 Bitcoin (BTC) Price Prediction for March 2](https://i0.wp.com/pandoraland.info/wp-content/uploads/2024/05/826d54e287cdfaf50e828c313a4af0f85fe619c9.png?w=640&ssl=1)
From the midterm point of view, the price of BTC is on the way to test the nearest resistance level of $67,150. If the bar closes above it and with no long wicks, there is a high chance to see a new all-time high.
Bitcoin is trading at $61,864 at press time.
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