CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
NullTx 2025-01-06 19:32:48

BITCOIN PRICE ANALYSIS & PREDICTION (January 6) – BTC Recovers Loss But Can It Push Above This Important $100k Level?

Bitcoin’s recent bounce has restored hope in the market after two weeks of correction. It has technically resumed an uptrend following a week straight recovery but now faces resistance after rising 7% weekly. Following the mid-December price drops from $108.3k, which set a negative narrative in the market, Bitcoin’s bullish landscape temporarily changed, and the price fell into the $91k range. This provides a sizeable discount for another buy—possibly the last leg up—before ending the bull run. Fortunately, that range stood firm at the end of the month, and the price slowly bounced back but remained indecisive at around $98,000 throughout last weekend. However, the demand level increased today, and the price advanced near the important $100k level after three weeks. While facing resistance, it is currently negotiating the important level for the next major move. The latest price increases suggested an end to the correction phase and looking at the recovery so far, the bulls appeared back in the control. A surge through the important level could trigger a quick recovery to the top amid rising demand before exploding with a massive price break. Conversely, failure to push higher could result to a small drawdown before resuming bullish. From the look of things, the bulls appeared not holding back momentum anymore. BTC’s Key Levels To Watch Source: Tradingview Facing the $100,000 level, Bitcoin’s next target for a break-up would be a hidden $104,088 resistance level along with the current $108,353 all-time high. A crossover there could rally the price to a new ATH. Bearish sentiments are currently off the market. If it returns, the price may slide through the $95,600 level to revisit the $91,530 support level. A breakdown from there could collapse BTC to $85,072 and potentially $81,500, where the rising trendline lies. Key Resistance Levels: $100,000, $104,088, $108,353 Key Support Levels: $95,600, $91,530, $85,072 Spot Price: $99,429 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: promesaartstudio// 123RF // Image Effects by Colorcinch

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta