CandleFocus

Bitcoin (BTC) Price Prediction for January 10

The cryptocurrency market is experiencing bearish pressure, with most coins in the red zone according to CoinMarketCap. The price of Bitcoin has declined by 0.37% over the last day and is approaching a local support level of $92,465. If this support level is breached, there is a potential for further correction towards the $91,000 zone. On a larger time frame, there is a possibility of a support breakout leading to a drop to the $88,000-$90,000 range. Sellers are currently more powerful than buyers, and if the $92,118 level is broken, there could be a test of the $80,000-$85,000 zone. At present, Bitcoin is trading at $93,274.

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