Bitcoin (BTC) Price Prediction: BTC/USD Regains Bullish Momentum, Attempts to Breach the $34,500 Resistance
Bitcoin (BTC) Price Prediction – January 29, 2021
Since January 22, BTC/USD price first broke the $30,000 support and pulled back. For the past week, the crypto has been fluctuating between $30,000 and $34,000. There has been no significant price movement as the range-bound levels are yet to be broken.
Resistance Levels: $45,000, $46,000, $47,000
Support Levels: $35,000, $34,000, $33,000
BTC/USD – Daily Chart
Today, the BTC price is falling after retesting the $34,000 resistance levels. For the past week, the bulls have made attempts at the resistance thrice to break it. Each attempt results in a fall to the lower price range. The bears have made strong contention to sink BTC price below the $30,000 support level. The $30,000 support has been broken twice as the crypto slumped to $$28,000 low.