CandleFocus

Bitcoin (BTC) Price Prediction for January 23

Bitcoin (BTC) Price Prediction for January 23
According to CoinStats, sellers have regained control in the crypto market, causing the price of Bitcoin to decrease by 2% over the last 24 hours. The hourly chart shows a bearish trend, with the price nearing a support level. If this trend continues, there is a possibility of a breakout leading to a further decrease to around $101,000. On a longer time frame, there are no signs of a reversal yet, and if today's candle closes near its low, the decline is likely to continue to the key area of $100,000. In the midterm, the situation remains similar, with decreasing volume indicating that buyers are not ready for a reversal. Therefore, a drop below $100,000 is the most probable scenario. Currently, Bitcoin is trading at $102,256.

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