BTCUSD Today, February 01: ETF Outflows, Hawkish Fed Put $65K in Sight
The bitcoin price usd fell as risk appetite weakened on ETF outflows and a hawkish Federal Reserve tone. At last check, BTCUSD traded near $78,648, down 6.94% today, after a $84,138 high and $75,644 low. The drop leaves price below the 50-day average at $89,814 and the 200-day at $104,526, turning focus to key supports. With calls for $65,000 and even $57,000, we outline levels, drivers, and practical steps for Singapore investors.
What Is Moving Bitcoin Today
ETF outflows have reduced net demand, pressuring prices across crypto. A more hawkish Fed stance keeps real yields firm and the US dollar supported, which tends to weigh on risk assets. Together, these forces limit dip buying and keep sellers active. For Singapore traders, USD funding costs also matter because many accounts settle in SGD, raising the all-in hurdle during stress.
The btc price usd sits near $78,648, off 6.94% on the day. Intraday ranged from $75,644 to $84,138 after opening at $84,111. Volume printed 1,167,439,207 versus a 657,956,204 average, showing heavy turnover. The prior close was $84,513. A year high of $126,296 and year low of $74,420 frame the broader range, with today’s action pushing closer to the lower bound.
Key Technical Levels and Signals
Price trades below the 50-day $89,813.6 and 200-day $104,526.1 averages, signaling a weak bias. RSI at 48.9 is neutral but leaning soft. MACD is below zero, while ADX at 25.9 points to an active trend. The bitcoin price usd remains under pressure on the weekly look, so rallies may face supply until price can reclaim the 50-day average on expanding volume.
Bollinger Bands sit at 93,209 upper, 88,709 middle, and 84,209 lower, with price below the lower band, showing stretched conditions. ATR near 3,253 implies wide daily swings. A bearish weekly setup flags risk toward $65,000 per crypto.news, while one analyst sees a path to $57,000, heightening bitcoin crash risk per TheStreet.
What Singapore Investors Should Consider
Most venues quote the bitcoin price usd, so SGD-based investors face currency swings. Factor in FX conversion, spreads, and overnight funding if using leveraged products. US spot ETFs price in USD and carry management fees, while direct crypto platforms may add withdrawal and network costs. Compare total costs and custody choices before selecting where to hold exposure.
US ETF markets trade overnight in Singapore, which can reduce participation and raise slippage for local investors during volatile moves. Crypto exchanges run 24/7, but depth still clusters around US hours. Plan orders ahead of known liquidity windows, use limit orders, and avoid chasing thin books when spreads widen, especially during macro headlines that impact the btc price usd.
Strategies and Risk Management
Map intraday markers first. Today’s low at $75,644 and the year low at $74,421 are near-term supports. The lower Bollinger band at $84,209 and the session high at $84,138 mark initial resistance. Consider scaling entries near support and trimming into strength. Place stops early and size positions so a 3% to 5% move does not breach risk limits.
Given bitcoin crash risk headlines and ETF outflows, keep dry powder and use staggered orders. Avoid high leverage during wide ATR regimes. If you need USD exposure hedged, consider offsetting FX in your brokerage. Blend tactics like DCA for core holdings with tactical trades around levels. Keep a rules-based plan and review it weekly.
Final Thoughts
ETF outflows and a firm Fed stance have pulled the bitcoin price usd below $80,000, with sellers pressing momentum. Price sits under the 50-day and 200-day averages, while RSI is neutral and ADX shows a live trend. Volatility is high, with ATR above 3,200 and price trading beneath the lower Bollinger band. For Singapore investors, overnight US trading and USD exposure add extra layers of risk and cost. Focus on clear levels: $75,644 and $74,420 as near supports, $84,138 to $84,209 as first resistance. Plan trades with patient entries, tight risk, and realistic targets. If $65,000 comes into view, reassess position sizes and hedge USD where needed. Process beats prediction in fast markets.
FAQs
What is the current bitcoin price usd and today’s move?
At last check, the bitcoin price usd is near $78,648, down about 6.94% on the day. The session ranged between $75,644 and $84,138 after opening at $84,111. Heavy volume above average shows active two-way trade as investors react to macro and ETF flow signals.
Could Bitcoin drop to $65,000 or even $57,000?
Risk exists. A bearish weekly setup and soft momentum keep downside open toward $65,000. Some analysts also warn about a potential slide toward $57,000. Watch how price behaves near $75,644 and $74,420 supports. A clean break with volume would raise odds of deeper tests.
How should Singapore investors manage USD risk when trading BTC?
Most platforms quote in USD, so SGD investors face currency swings. Consider using multi-currency accounts, hedging USD exposure in your broker, and accounting for conversion and funding costs. Size positions assuming both BTC and FX can move. Avoid over-leverage during wide volatility.
Are spot ETFs better than holding BTC on an exchange for SG investors?
ETFs offer brokerage custody, easy position sizing, and portfolio reporting, but they charge management fees and trade in US hours. Holding BTC directly runs 24/7 and can be cheaper, but custody and withdrawal risks matter. Choose based on costs, trading hours, and your custody preference.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
