Home Crypto News Bitcoin (BTC) Value Evaluation for January 22

Bitcoin (BTC) Value Evaluation for January 22

by Cryptoroz

Denys Serhiichuk
How large are possibilities to see additional progress of Bitcoin (BTC) subsequent week?
Many of the cash may want a correction earlier than the following wave of progress.

Top coins by CoinMarketCap


Despite the fact that the value of Bitcoin (BTC) has dropped by 0.32% since yesterday, the speed has grown by greater than 10% during the last week.

BTC/USD chart by TradingView

On the native chart, the value of Bitcoin (BTC) is within the slender vary between the assist at $22,702 and the resistance at $22,969. In the mean time, the speed is on the way in which to the higher line, which signifies that bulls are usually not going to surrender.

In case of a breakout, the expansion might proceed to the $23,100-$23,200 zone.

BTC/USD chart by TradingView

On the larger timeframe, the scenario can be constructive as the value has bounced again from the just lately shaped assist degree of $22,750. If closure occurs close to the vital $23,000 zone, the upward transfer can proceed to $23,362.

BTC/USD chart by TradingView

From the midterm perspective, the weekly candle is about to shut above the $22,781 mark, which signifies that Bitcoin (BTC) stays bullish. On this regard, the vitality may be sufficient for a transfer to the following resistance space of round $25,000.

Bitcoin is buying and selling at $22,912 at press time.

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