Bitcoin (BTC) Price Analysis for January 25

There are no reversal signals on the last day of the week, according to CoinStats.

Top coins by CoinStats

BTC/USD

The rate of Bitcoin (BTC) has declined by 1.33% since yesterday. Over the last week, the price has fallen by 7.1%.

Image by TradingView

On the hourly chart, the price of BTC is going up after setting a local support at $87,957. As most of the daily ATR has been passed, there are low chances to see sharp moves by tomorrow.

Image by TradingView

On the bigger time frame, bears are controlling the situation on the market. If the candle closes around the current prices, traders may see a test of the interim level at $86,561 in the upcoming week.

Image by TradingView

From the midterm point of view, the rate of the main crypto is going down after a false breakout of the resistance at $95,938.

You Might Also Like

If the decline continues to the support, the accumulated energy might be enough for a dump to the $80,000 area.

Bitcoin is trading at $88,265 at press time.

Source: https://u.today/bitcoin-btc-price-analysis-for-january-25