Bitcoin Price Prediction: BTC/USD Price Touches $43,416 Level


Bitcoin Price Prediction – January 14

As the daily chart shows, the Bitcoin price shows that BTC is trading near the resistance level of $ 44,000 as the recovery comes slowly.

BTC / USD Historical Past: Bearish (Daily Chart)

Key features:

Opposition Standards: $ 48,000, $ 50,000, $ 52,000

Supporting Terms: $ 38,000, $ 36,000, $ 34,000

BTCUSD – Daily chart

At the time of writing, BTC / USD appears to be trading at $ 43,182 after rising to $ 43,416 at the start of today’s trading. The first digital commodity is also seen returning to the point of sale and is likely to go down if the bears return the price within 9 days of the move.

Bitcoin Price Prediction: Is Bitcoin (BTC) Ready to Top?

On the bullish side, it is important for the bulls to continue pushing The value of Bitcoin above the 9-day moving average in some crossings above the upper limit of the route, otherwise, there may be a bearish break as BTCUSD falls below that barrier. The 9-day MA is required to cross over the 21-day MA when the Relative Strength Index (14) is preparing to cross the 40-point mark while moving to the upper limit would determine the best possible route. bullish trend at the time of results.

However, BTC / USD may need to confirm what is happening if the market price moves above the previous $ 44,000 price target. Instead, the price of Bitcoin can follow the trend if the price goes to the lower limit of the channel. When this happens, the king’s finances could be reduced to $ 38,000, $ 36,000, and $ 34,000. As the Relative Strength Index (14) moves higher, strong inflation can push the price to a resistance level of $ 48,000, $ 50,000, and $ 52,000.

BTC / USD Medium Term: Starting (4H Chart)

According to the 4-hour chart, BTC is moving sideways because the market could fall below the 9-day and 21-day moving average. However, intraday trading is still revealing its destination; following a recent refund of $ 41,752 which is now an essential component of the grant. The next required amount is $ 41,800 and below.

BTCUSD – 4 Hour Chart

However, considering the most recent recovery, the value of Bitcoin could continue to decline to $ 44,000. A rise above this level could push the BTC price to a resistance level of $ 44,500 and above as the Relative Strength Index (14) index moves in one direction, meaning market movements.

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