Bitcoin Price Prediction: BTC/USD Stabilizes Above $43,000; Can It Go Higher?

    Bitcoin Price Prediction – January 15

    The Bitcoin price prediction shows that BTC is trading at $43,443 but the coin seems to be preparing for another upward movement.

    BTC/USD Long-term Trend: Bearish (Daily Chart)

    Key levels:

    Resistance Levels: $48,000, $50,000, $52,000

    Support Levels: $39,000, $37,000, $35,000

    Bitcoin Price Prediction
    BTCUSD – Daily Chart

    BTC/USD is currently trading above the 9-day moving average at $43,443 as this coin prepares to head towards the 21-day moving average. Today, the largest digital asset is likely to extend towards the resistance level of $45,000 after touching the daily low of $42,577.

    Bitcoin Price Prediction: Is $45k Resistance Coming for BTC?

    As of now, the Bitcoin price is trading above the 9-day moving average as the next resistance levels could be located at $48,000, $50,000, and $52,000. Typically, when the new uptrends are coming to play, traders could use the 21-day moving average as a pivot resistance point to gauge the strength of the trend. However, if BTC/USD keep soaring towards the upper boundary of the channel, this could be a sign of sustainability and may likely result in a bullish continuation.

    Nevertheless, should BTC price failed to move up; traders may see a price cut below the 9-day moving average and a further low could bring the price to the support levels of $39,000, $37,000, and $35,000 respectively. Now, the bulls are still defending the key support at $42,000. But as it stands, the Bitcoin price is rising as the technical indicator Relative Strength Index (14) is crossing above 40-level.

    BTC/USD Medium-Term Trend: Ranging (4H Chart)

    Looking at the 4-hour chart, the market has been following a sideways movement for the past few days, but the bulls are now trying to dominate the market by defending the $43,000 level. If not, the support level of $42,000 and below may come into play.

    BTCUSD – 4 Hour Chart

    However, if the bulls keep the market above the 9-day and 21-daymoving averages, traders may expect a retest at the $44,000 resistance level, and breaking this level may further push the price towards the resistance level of $45,000 and above. Nevertheless, the technical indicator Relative Strength Index (14) is seen moving below 60-level, suggesting sideways movement within the market.

    Looking to buy or trade Bitcoin (BTC) now? Invest at eToro!

    68% of retail investor accounts lose money when trading CFDs with this provider

    Read more:



    Stay in the Loop

    Get the montlhy email from Biz Builder Mike that makes reading the news actually enjoyable.
    Join our mailing list Stay in the loop and stay informed and it's FREE

    Latest stories

    - Advertisement - spot_img

    You might also like...