Bitcoin Price Prediction – January 7
The Bitcoin price prediction shows that BTC loses over $1500 as the coin remains below the 9-day and 21-day moving averages.
BTC/USD Long-term Trend: Bearish (Daily Chart)
Key levels:
Resistance Levels: $47,000, $49,000, $51,000
Support Levels: $37,000, $35,000, $33,000
BTC/USD is currently sliding below the 9-day and 21-day moving averages as the coin touches the daily low at $41,000. The Bitcoin price is in a dangerous position as the price faces the lower boundary of the channel. If the breakdown continues, the downside momentum will gain traction with the next focus on $40,000. At the time of writing, Bitcoin is trading towards the south at $41,390 with a decline of 3.93% on the daily price chart.
Bitcoin Price Prediction: Bitcoin (BTC) Not Ready for the Upside
At the time of writing, the Bitcoin price heads to the downside, therefore, if the Bitcoin price rejects the higher resistance level, lower levels may be tested in a sequence of lower highs and lower lows until prices touch the next critical support level. However, the market may experience a lot of short-term based trades and a lot of volatility too as the technical indicator Relative Strength Index (14) moves into the oversold region.
Meanwhile, it is important to note that the Bitcoin price is most likely to breaking as much as the 9-day MA remains below the 21-day MA, and its failure to hold the mid-range support level may pull the price down to its next support level at $40,000. Therefore, the short-term analysis indicates that BTC/USD may test higher levels with key resistance at $45,000 before a reversal and the resistance levels to watch are $47,000, $49,000, and $51,000 while the supports are located at $37,000, $35,000, and $33,000 respectively.
BTC/USD Medium – Term Trend: Ranging (4H Chart)
According to the 4-hour chart, BTC/USD has been facing immense turbulence throughout the past several days, with sellers forcing its price down to the lows of $40,925. If bulls decide to push the market price above the 9-day moving average, the coin may likely hit the resistance at $43,000 and above.
However, it now appears that the cryptocurrency is not ready for further upside now, as the multiple attempts to shatter its $41,000 resistance seem to indicate that bears are building momentum. Therefore, the Relative Strength Index (14) moves into the oversold region and the critical support level may be located at $39,000 and below.
Looking to buy or trade Bitcoin (BTC) now? Invest at eToro!
68% of retail investor accounts lose money when trading CFDs with this provider
Read more:
Check live crypto rates here
Start trading today – See our list of exchanges
162975 225338Precisely what I was searching for, thankyou for putting up. 896736
412960 234524Wonderful assist from this weblog! Thanks alot for the data I needed 805163
462566 566435New York Travel Tips […]below you will uncover the link to some sites that we feel you must visit[…] 765919
Nice post. I was checking constantly this blog and I am impressed!
Extremely helpful information specifically the last part :
) I care for such information much. I was seeking this certain info for a long time.
Thank you and best of luck.
I’m extremely inspired with your writing abilities and also with the
format in your blog. Is this a paid subject or did you
modify it your self? Anyway stay up the nice high quality writing, it’s rare to look
a nice blog like this one these days..
631903 899089I enjoy this site, will certainly arrive back. Make sure you carry on writing high quality posts. 573843
I just couldn’t depart your site before suggesting that I really enjoyed the standard info an individual supply
in your visitors? Is going to be back regularly
to inspect new posts
I love what you guys are usually up too. This kind
of clever work and reporting! Keep up the wonderful works
guys I’ve you guys to blogroll.
Link exchange is nothing else except it is only placing the other person’s weblog link on your page at suitable place and other
person will also do same for you.
Woah! I’m really digging the template/theme of this website.
It’s simple, yet effective. A lot of times it’s difficult to get that “perfect balance” between user friendliness and visual appearance.
I must say that you’ve done a very good job with this.
Also, the blog loads extremely fast for me on Opera. Superb Blog!
Wow, incredible blog layout! How long have you been blogging for?
you make blogging look easy. The overall look of your site is magnificent,
let alone the content!
I really like what you guys are up too. This kind of
clever work and coverage! Keep up the awesome works
guys I’ve included you guys to my own blogroll.
Paragraph writing is also a fun, if you be acquainted with then you can write otherwise
it is complex to write.
Hi there fantastic website! Does running a blog such
as this require a large amount of work? I have virtually no understanding of coding
however I was hoping to start my own blog soon. Anyways, if you
have any suggestions or techniques for new blog owners please share.
I understand this is off subject but I just wanted to ask.
Thank you!
Excellent blog! Do you have any tips and hints for aspiring writers?
I’m planning to start my own website soon but I’m a little
lost on everything. Would you recommend starting with a free platform like WordPress
or go for a paid option? There are so many options out there
that I’m totally confused .. Any suggestions? Thanks a lot!
Hello friends, how is all, and what you want to say regarding this post, in my view its
truly amazing designed for me.
It is the best time to make a few plans for the longer term and it’s time to be happy.
I’ve learn this post and if I could I want to counsel you few interesting things or tips.
Perhaps you could write next articles regarding this article.
I wish to learn more issues about it!
I am actually thankful to the owner of this web site who has shared this wonderful paragraph at here.
After I originally left a comment I appear to have clicked on the -Notify me when new comments are added-
checkbox and from now on every time a comment is added I receive
four emails with the same comment. Is there an easy method
you are able to remove me from that service? Thanks a lot!
I am genuinely thankful to the owner of this web site who has shared this impressive piece of writing at at this time.
Thanks for finally writing about > Bitcoin Price Prediction:
BTC/USD Stumbles Below $42,000 – The Cryptonium –
Cryptocurrency & Bitcoin – Rates &
News < Liked it!
Great article.
Generally I do not read article on blogs, but I wish
to say that this write-up very compelled me to take a look at and do it!
Your writing style has been surprised me. Thank
you, quite great article.
Hi there it’s me, I am also visiting this web page daily, this site is
actually fastidious and the users are actually sharing pleasant thoughts.
Aw, this was a really good post. Spending some
time and actual effort to create a very good article… but what can I say…
I put things off a lot and don’t seem to get anything done.
This is my first time pay a visit at here and i am truly happy to read everthing at single place.
Hi there, after reading this remarkable piece of writing i am as well cheerful to
share my know-how here with mates.
Greetings! Quick question that’s completely off topic. Do you know how to
make your site mobile friendly? My website looks weird when browsing from my iphone4.
I’m trying to find a template or plugin that
might be able to resolve this problem. If you have any recommendations, please share.
Thank you!
I was recommended this blog by my cousin. I’m not sure whether
this post is written by him as no one else know such detailed about my
difficulty. You’re wonderful! Thanks!
You could certainly see your expertise within the article you write.
The sector hopes for more passionate writers like you who are not afraid to mention how they believe.
All the time go after your heart.
Hmm it appears like your website ate my first comment (it was extremely long) so I guess I’ll just sum it up what I had written and say, I’m thoroughly enjoying your blog.
I too am an aspiring blog writer but I’m still new to the whole thing.
Do you have any suggestions for beginner blog writers?
I’d really appreciate it.
It is appropriate time to make some plans for the longer term
and it is time to be happy. I’ve read this post and if I may I want to recommend you few interesting things or tips.
Perhaps you can write next articles relating to
this article. I desire to learn even more issues approximately it!
What i don’t understood is if truth be told how you’re not really a lot more smartly-preferred than you might
be right now. You are so intelligent. You already know thus significantly in terms of this
topic, made me individually consider it from a lot of varied angles.
Its like men and women don’t seem to be involved except
it is something to accomplish with Woman gaga!
Your individual stuffs outstanding. At all times take
care of it up!
Thanks for the marvelous posting! I genuinely enjoyed reading it, you might be a great author.I will be sure
to bookmark your blog and may come back later on. I want to encourage one
to continue your great job, have a nice weekend!
If you are going for most excellent contents like me, only go
to see this web page daily because it gives feature contents,
thanks
What’s up to every one, it’s truly a nice for me to go to see
this site, it consists of important Information.
Hello there! I know this is kind of off topic but I was wondering if
you knew where I could find a captcha plugin for my comment form?
I’m using the same blog platform as yours and I’m having
trouble finding one? Thanks a lot!
Helpful information. Lucky me I found your website by accident, and I am shocked why this coincidence didn’t happened in advance!
I bookmarked it.
Hey there! I just wanted to ask if you ever have any trouble with hackers?
My last blog (wordpress) was hacked and I ended up losing many months of hard work due to no backup.
Do you have any methods to prevent hackers?
WOW just what I was searching for. Came here by searching for slot deposit qris
Howdy, i read your blog from time to time and i own a similar one and i
was just curious if you get a lot of spam feedback?
If so how do you stop it, any plugin or anything you can recommend?
I get so much lately it’s driving me mad so any assistance is very much appreciated.
Hello, this weekend is nice for me, as this occasion i am
reading this impressive educational piece of writing here at my home.
I’ve been surfing online greater than 3 hours today, but I by no means discovered any fascinating article like yours.
It’s lovely price enough for me. In my opinion, if all web owners and bloggers made excellent content as you probably did, the
web can be much more useful than ever before.
Thanks for every other informative web site. Where else may just I
am getting that type of info written in such an ideal way?
I’ve a project that I’m just now working on, and I’ve been on the glance out for such info.
I have read so many posts regarding the blogger lovers except this article is
genuinely a pleasant post, keep it up.
It’s awesome in support of me to have a site, which is beneficial in favor of my experience.
thanks admin
Fantastic goods from you, man. I’ve keep in mind your stuff prior to and you
are just too great. I really like what you’ve acquired right
here, certainly like what you’re stating and the best way
wherein you assert it. You are making it enjoyable
and you continue to care for to keep it smart. I can’t wait
to learn much more from you. This is actually a wonderful
web site.
783156 310846I real delighted to find this internet site on bing, just what I was seeking for : D also bookmarked . 783400
291113 416022Sweet site , super layout, genuinely clean and utilize genial . 65987
I’m gone to inform my little brother, that he should
also visit this webpage on regular basis to take updated from hottest gossip.
Post writing is also a fun, if you be acquainted with then you
can write otherwise it is complex to write.