Bitcoin (BTC) Price Analysis for January 13

The crypto market has switched to green after a slight drop, according to CoinStats.

Top coins by CoinStats

BTC/USD

The rate of Bitcoin (BTC) has gone up by 1.69% over the last day.

Image by TradingView

On the hourly chart, the price of BTC has broken the local resistance at $92,576. If bulls can hold the gained initiative and keep the rate above that mark, the upward move may continue to the $94,000 zone soon.

Image by TradingView

On the longer time frame, the rate of the main crypto is closer to the resistance than to the support. 

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If a breakout of the $94,652 level occurs, the accumulated energy might be enough for a test of the $100,000 range.

Image by TradingView

From the midterm point of view, the situation is similar. If the weekly bar fixes above the resistance, traders may expect a price blast to the $100,000-$105,000 range by the end of the month.

Bitcoin is trading at $92,954 at press time.

Source: https://u.today/bitcoin-btc-price-analysis-for-january-13