{"id":280640,"date":"2021-01-06T15:30:04","date_gmt":"2021-01-06T20:30:04","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=280640"},"modified":"2021-01-06T15:30:04","modified_gmt":"2021-01-06T20:30:04","slug":"btc-usd-long-term-trend-bullish-daily-chart-94","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/btc-usd-long-term-trend-bullish-daily-chart-94","title":{"rendered":"Bitcoin Price Prediction: BTC\/USD Breaks Above $35,000; the Next Test Could Be $40,000"},"content":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 January 6<\/strong><\/p>\n

Bitcoin is seen surging higher as the cryptocurrency is currently trading around the $35,012 resistance level.<\/p>\n

BTC\/USD Long-term Trend: Bullish (Daily Chart)<\/h4>\n

Key levels:<\/p>\n

Resistance Levels: $38,600, $38,800, $39,000<\/p>\n

Support Levels: $30,700, $30,500, $30,300<\/p>\n

\"\"<\/a>
BTCUSD – Daily Chart<\/figcaption><\/figure>\n

BTC\/USD<\/a> has been able to surpass $35,000 as the coin is seen trading above the 9-day and 21-day moving averages. Now, the next important target may be at around $38,000, where Bitcoin has usually experienced heavy resistance from sellers. Thus, the Bitcoin (BTC) touches the daily high of $35,868 as the market opens today and it seems to be gaining some stability according to the daily chart.<\/p>\n

Will BTC Break Through Resistance Level $36,000 or Reverse?<\/h4>\n

Bitcoin (BTC) is now trading around $35,012 and it has a market valuation of $663 billion. After several weeks of being traded between $30,000 and $34,000, Bitcoin has been able to clearly break above $35,000 and reach a price per coin of $35,868. The main question is whether it will be able to surpass $38,000 where it may usually find large resistance. Meanwhile, traders are now waiting for a continuation of the bull trend that would help Bitcoin reach new highs.<\/p>\n

Moreover, for Bitcoin to would have reached $38,000, this could be the beginning of a new bull run in the crypto space. More so, as the RSI (14) is soaring within the overbought region, BTC\/USD may soon hit the potential resistance levels at $38,600, $38,800, and $39,000 while sliding below the moving averages could drag the price to the critical support levels of $30,700, $30,500, and $30,300 respectively.<\/p>\n

BTC\/USD Medium-term Trend: Bullish (4H Chart)<\/h4>\n

Looking at the 4-hour chart, BTC\/USD is seen retreating after touching the daily high at $35,868. Today\u2019s price move happens to be the most impressive one as it keeps climbing above the moving averages with a sharp surge. However, BTC\/USD is now maintaining its bull-run above $35,400 as the RSI (14) moves into the overbought region.<\/p>\n

\"\"<\/a>
BTCUSD – 4 Hour Chart<\/figcaption><\/figure>\n

In other words, BTC\/USD may likely take a downward move if the bulls failed to push more. However, the coin could breach the nearest support at $33,500 to reach the support level of$32,600 and below. More so, if bulls find a decent support around $34,000, the bulls may continue its uptrend by crossing above the channel to hit another resistance at $37,600 and above.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 January 6 Bitcoin is seen surging higher as the cryptocurrency is currently trading around the $35,012 resistance level. BTC\/USD Long-term […]<\/a><\/div>","protected":false},"author":1742,"featured_media":280642,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[734,5319,7991,7992],"acf":[],"yoast_head":"\nBitcoin Price Prediction: BTC\/USD Breaks Above $35,000; the Next Test Could Be $40,000<\/title>\n<meta name=\"description\" content=\"Bitcoin is seen surging higher as the cryptocurrency is currently trading around the $35,012 resistance level.\u00a0\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/280640\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Prediction: BTC\/USD Breaks Above $35,000; 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