{"id":281220,"date":"2021-01-17T12:44:24","date_gmt":"2021-01-17T17:44:24","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=281220"},"modified":"2021-08-10T04:35:50","modified_gmt":"2021-08-10T08:35:50","slug":"bitcoin-price-prediction-btc-usd-currently-trades-around-a-lowly-value-of-36000","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-btc-usd-currently-trades-around-a-lowly-value-of-36000","title":{"rendered":"Bitcoin Price Prediction: BTC\/USD Currently Trades Around a Lowly Value of $36,000"},"content":{"rendered":"\r\n
Bitcoin Price Prediction \u2013 January 17<\/strong><\/em>
After several a visible number of trial efforts to breach past a main resistance price line around the $4,000 value, Bitcoin\u2019s worth eventually relaxes muscle as trade with the US dollar until the present time of writing.
BTC\/USD Market<\/strong>
Key Levels:<\/strong>
Resistance levels: $45,000, $50,000, $55,000
Support levels: $25,000, $20,000, $15,000
BTC\/USD \u2013 Daily Chart<\/strong>
There has been a notable sell signal looming in the BTC\/USD<\/a> market, denoting that bulls\u2019 pushing forces are now gradually getting weak. On January 11, the 14-day SMA trend-line broken southward to test a low point at $30,000. And, yet, the price is slightly trading below the sell signal of the smaller SMA trading indicator around the $35,000 level. The 50-day SMA is still underneath the price-value tested previously, a bit over a support line at $25,000.<\/a>
What is likely the BTC\/USD next price position?<\/strong>
In the meantime, a key resistance value at $40,000 has formed to mark a potential selling point for bears to brace up for a come-back. The BTC\/USD bears now struggle to push the market down below $35,000. The Stochastic Oscillator has briefly crossed hairs to the south below range 80 to signify a falling pressure.
Should the present slight-falling forces hold long in the BTC\/USD trading activities, bears could potentially move price past the former tested support trading area of $30,000 to afterward find a lower support level around $25,000 mark in no time. Meanwhile, at that earlier mentioned value, traders should be wary of getting late as there is a tendency that the market will see a quick-northward reversal move that could result in bears\u2019 trap.<\/a>
BTC\/USD 4-hour Chart<\/strong>
Over a few trading days\u2019 sessions, BTC\/USD has been trading around three key variant levels of $40,000, $36,000 and, $32,000. Initially, the crypto\u2019s value dumped below $32,000 and, later on, managed to recover back to touch a high mark at $40,000 on January 14.
Presently, price appears to fall under the $36,000 value, a bit below the two SMA trading indicators. That suggests that bears are some extent coming back to the crypto-market. But, Stochastic Oscillators have moved downward-pointing closer to range 20. Therefore, if the $32,000 price-line has to be breach southwardly, bears would have to exert more pressures to keep below it<\/p>\r\n","protected":false},"excerpt":{"rendered":"