Bitcoin Price Prediction – January 22
The Bitcoin price prediction shows that BTC continues to drop as the cryptocurrency breaks beneath $36,000 and heads toward $34,000.
BTC/USD Long-term Trend: Bearish (Daily Chart)
Resistance Levels: $40,000, $42,000, $44,000
Support Levels: $30,000, $28,000, $26,000
BTC/USD is seen dropping with a loss of 3.70% as the cryptocurrency falls beneath the $36,000 level to reach the daily low at $34,017. However, the daily chart reveals that $38,000 is a very important level as it could provide a strong resistance for the coin.
Bitcoin Price Prediction: Bitcoin Price Could Fall More
The Bitcoin price is currently trading around the lower boundary of the channel. However, a break below this trend line could cause Bitcoin to touch the support of $34,000 level. However, the king coin is in a critical position with the next few hours dictating … Read more