Bitcoin Price Prediction – January 26
BTC/USD Long-term Trend: Bearish (Daily Chart)
Resistance Levels: $44,000, $46,000, $48,000
Support Levels: $33,000, $31,000, $29,000
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
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