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bitcoin price prediction btc usd signals fresh increase above 38000

Bitcoin Price Prediction: A Recent High of $38,000 for BTC/USD



Bitcoin Price Prediction – January 26

The Bitcoin price prediction reveals that BTC moves close to the resistance level of $39,000 level as it is now rising towards the north.

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

Key levels:

Resistance Levels: $44,000, $46,000, $48,000

Support Levels: $33,000, $31,000, $29,000

Bitcoin Price Prediction
BTCUSD – Daily Chart

 

BTC/USD is currently recovering higher from the opening price of $36,980 level and the first digital asset may need to cross above the 9-day moving average to continue to the bullish movement. As of the time of this writing, the Bitcoin price still sits above $38,000 as a near $40,000 peak was seen with this recent rally during the European session today but currently moving upward as the market prepares for additional bullish move

Bitcoin Price Prediction: Would BTC Gain More?

According to the daily chart, traders could see that the Bitcoin price converges above the key level of $38,000. The 9-day MA trend-line is likely to cross above the 21-day MA as they prepare to create more upsides. The technical indicator Relative Strength Index (14) moves toward 40-level to probably cross into the positive side. However, the first major resistance to locate is near the $39,000 level while the main resistance is still near the $40,000 level.

Read more: source insidebitcoins.com

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