{"id":282301,"date":"2021-01-30T09:03:09","date_gmt":"2021-01-30T14:03:09","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=282301"},"modified":"2021-01-30T09:03:09","modified_gmt":"2021-01-30T14:03:09","slug":"btc-usd-long-term-trend-bullish-daily-chart-118","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/btc-usd-long-term-trend-bullish-daily-chart-118","title":{"rendered":"Bitcoin Price Prediction: Pullback Not Yet Over; BTC\/USD Bounces from $32,852 Support"},"content":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 January 30<\/strong><\/p>\n

The Bitcoin price is currently consolidating and seems to be preparing for the next move either above $38,000 or towards $40,000.<\/p>\n

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

Key levels:<\/p>\n

Resistance Levels: $39,000, $41,000, $43,000<\/p>\n

Support Levels: $29,000, $27,000, $25,000<\/p>\n

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

BTC\/USD<\/a> started the day with a downside movement as the coin touched $32,852 in the early hours of today, but later, BTC\/USD market begins to improve as the price moves out of the downside to the upside. However, within the few hours of the day, BTC\/USD is now trading above the 9-day MA and about to cross above the 21-day MA but now changing hands at $34,344.<\/p>\n

What to Expect from Bitcoin (BTC)<\/h4>\n

BTC\/USD remains in consolidation in spite of a breakout above the 9-day moving average. The bulls establish a higher low and only need to climb above $38,500 to confirm a daily uptrend. At the time of writing, the trend is in the favor of the bulls and if the situation remains unchanged, BTC\/USD may begin to grind north as the technical indicator RSI (14) remains above the 50-level.<\/p>\n

However, the coin could bring down the seller congestion below the moving averages. Meanwhile, if it crosses above the upper boundary of the channel, there is a chance that a new path to $39,000, $41,000, and $43,000 resistance levels may be created. For now, all the attention should go towards overcoming the hurdle at $35,500 and defending support at $30,500. Meanwhile, going below $30,000 may likely seek supports at $29,000, $27,000, and $25,000 respectively.<\/p>\n

BTC\/USD Medium-Term Trend: Ranging (4H Chart)<\/p>\n

On the 4-hour chart, there are several important technical barriers below and above the current price at the $34,000 level. This simply means that the coin may likely spend enough time consolidating gains at the current levels as the RSI (14) moves sideways.<\/p>\n

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

Meanwhile, in the long-run, the trend stays bullish as long as the price is above $33,000. The potential resistance level is located at $37,000 and above while the nearest supports are under the lower boundary of the channel at $31,500 and below.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 January 30 The Bitcoin price is currently consolidating and seems to be preparing for the next move either above $38,000 […]<\/a><\/div>","protected":false},"author":1742,"featured_media":282302,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[734,5319,7991,7992],"acf":[],"yoast_head":"\nBitcoin Price Prediction: Pullback Not Yet Over; BTC\/USD Bounces from $32,852 Support<\/title>\n<meta name=\"description\" content=\"The Bitcoin price is currently consolidating and seems to be preparing for the next move either above $38,000 or towards $40,000.\" \/>\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\/282301\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Prediction: Pullback Not Yet Over; 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