CandleFocus

Bitcoin (BTC) Price Prediction for January 20

Bitcoin (BTC) Price Prediction for January 20
According to CoinStats, some cryptocurrencies have seen an increase in price, while others continue to fall. Bitcoin has reached a new all-time high, increasing by 1.85%. However, there is potential for a drop if the price does not close above the local resistance of $109,323. Traders should pay attention to the daily candle's closure and if it is far from the resistance level of $108,364, a correction down to the $102,000-$104,000 range may occur. In the midterm, the situation is similar, but it is too early to make distant predictions. If a breakout of the upper line occurs, further growth is expected. At present, Bitcoin is trading at $106,512.

Related News