{"id":282305,"date":"2021-01-30T14:29:21","date_gmt":"2021-01-30T19:29:21","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=282305"},"modified":"2021-01-30T14:29:21","modified_gmt":"2021-01-30T19:29:21","slug":"btc-usd-long-term-trend-ranging-daily-chart-27","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/btc-usd-long-term-trend-ranging-daily-chart-27","title":{"rendered":"Bitcoin Price Prediction: BTC\/USD Rejects Further Upside, Price Trades Below $34,000"},"content":{"rendered":"

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

The Bitcoin bulls are running out of options and it is either they break above $35,000 or risk plunging under $30,000.<\/p>\n

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

Key levels:<\/p>\n

Resistance Levels: $38,000, $40,000, $42,000<\/p>\n

Support Levels: $30,000, $28,000, $26,000<\/p>\n

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

BTC\/USD<\/a> explores low under $34,000 as the price hovers at $33,823. The market price is now adjusting upwards. However, the prevailing trend is ranging while the volatility remains calm within the market. The Bitcoin price is currently correcting upwards above the 9-day moving average as it is yet to settle above the 21-day moving average.<\/p>\n

Where is BTC Price Going Next?<\/h4>\n

Although the bulls seem to reclaim back the control of the market as they are staring into a potential resistance level at $35,000. Moreover, if Bitcoin bulls manage to clear the above resistance, they are likely to gather overwhelming support to catapult them towards the resistance levels of $38,000, $40,000, and $42,000.<\/p>\n

On the downside, the beginning of the resistance zone $32,000 is playing a double function as a support. So, in the case of a reversal and extended declines, BTC\/USD may likely find support at $30,000, $28,000, and $26,000. The technical indicator RSI (14) continued to trend in the same direction above the 50-level with an indication of indecision in the market.<\/p>\n

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

The 4-hour chart for Bitcoin is still looking slightly bullish, but the market has been showing a sign of weakness since the daily opening. However, the intraday trading is looking bullish; following the recent rebound at $32,850 which is now a key support level. The next key support levels are $32,500, $31,500, and $30,500.<\/p>\n

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

However, considering the recent sharp rebound, the Bitcoin price may re-enter the bullish rally to $35,000 resistance. A climb above the mentioned resistance may further push BTC price to $36,000, $37,000, and $38,000 resistance levels. As it is now, it seems the market may move sideways as the RSI (14) is now moving in the same direction around the 54-level.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 January 30 The Bitcoin bulls are running out of options and it is either they break above $35,000 or risk […]<\/a><\/div>","protected":false},"author":1742,"featured_media":282306,"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],"class_list":["post-282305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-bitcoin","tag-btc","tag-btcusd","tag-technical-analysis"],"acf":[],"yoast_head":"\nBitcoin Price Prediction: BTC\/USD Rejects Further Upside, Price Trades Below $34,000<\/title>\n<meta name=\"description\" content=\"The Bitcoin bulls are running out of options and it is either they break above $35,000 or risk plunging under $30,000. \u00a0\u00a0\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, 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