CandleFocus Bitcoin (BTC) Price Prediction for January 18
2025-01-18
Author: Content Editor
According to CoinMarketCap, bears are currently dominating the crypto market at the beginning of the weekend. The price of Bitcoin has experienced a slight increase of 0.66% over the last 24 hours. However, on both the hourly and bigger time frame charts, the price of BTC is situated within a range, indicating that neither bears nor bulls are in control. The ongoing sideways trading between $102,000 and $106,000 is expected to continue. From a midterm perspective, traders should pay attention to the weekly candle closure, particularly if it occurs around $105,000 and without a long wick. This could potentially generate enough momentum for a test of the resistance level by the end of the month. At the time of writing, Bitcoin is trading at $103,319.
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