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.
Content Editor ( u.today )
- 2025-01-23
Bitcoin (BTC) Price Prediction for January 23
