{"id":370658,"date":"2023-01-21T11:27:46","date_gmt":"2023-01-21T16:27:46","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=370658"},"modified":"2023-01-21T11:27:46","modified_gmt":"2023-01-21T16:27:46","slug":"bitcoin-price-prediction-for-today-january-21-btc-usd-rises-above-23000-as-bulls-take-control","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-january-21-btc-usd-rises-above-23000-as-bulls-take-control","title":{"rendered":"Bitcoin Price Prediction for Today, January 21: BTC\/USD Rises Above $23,000 as Bulls Take Control"},"content":{"rendered":"<p>The Bitcoin price prediction gains 2.37% as bulls keep working hard to nurture a bullish trend from the opening price of $22,671.<\/p>\n<h2>Bitcoin Prediction Statistics Data:<\/h2>\n<ul>\n<li>Bitcoin price now &ndash; $23,208<\/li>\n<li>Bitcoin market cap &ndash; $445 billion<\/li>\n<li>Bitcoin circulating supply &ndash; 19.2 million<\/li>\n<li>Bitcoin total supply &ndash; 19.2 million<\/li>\n<li>Bitcoin Coinmarketcap ranking &ndash; #1<\/li>\n<\/ul>\n<h2>BTC\/USD Long-term Trend: Bullish (Daily Chart)<\/h2>\n<p>Key levels:<\/p>\n<p>Resistance Levels: $27,000, $29,000, $31,000<\/p>\n<p>Support Levels: $20,000, $18,000, $16,000<\/p>\n<p>BTC\/USD is trading at the $23,208 resistance level above the 9-day and 21-day moving averages after the king coin touches the daily high at $23,375. Since the past few days, the <a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-january-14-btc-usd-spikes-above-21000\">Bitcoin price<\/a> has been towards the north, and in the context of this; an upward movement toward the resistance level of $25,000 is expected.<\/p>\n<h2>Bitcoin Price Prediction: Will BTC Break Above $25k Level?<\/h2>\n<p>If the <a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-january-20-btc-usd-increases-above-21500-resistance\">Bitcoin price<\/a> can continue the upward movement above the 9-day and 21-day moving averages, it is likely for the market price to touch the resistance level of $25,000. However, the purpose of this movement is to provide a resistance level that is above the upper boundary of the channel as the technical indicator Relative Strength Index (14) keeps moving within the overbought region.<\/p>\n<p>Looking at the daily chart, BTC\/USD may experience a quick retracement or sell-off just in case it touches the support level of $22,000 but if not; traders may see additional resistance at $27,000, $29,000, and $31,000 levels. On the downside, if the market decides to fall, the Bitcoin price could fall below the 9-day moving average, and if that barrier fails to hold the sell-off, BTC\/USD could see a further decline towards the support levels of $20,000, $18,000, and $16,000.<\/p>\n<h2>BTC\/USD Medium-term Trend: Ranging (4H Chart)<\/h2>\n<p>On the 4-hour chart, traders expect the coin to gain the lost momentum and could trade above $24,000. On the contrary, if the selling pressure still exists and holds the king coin not to be able to move towards the upper boundary of the channel, the $21,000 and below may come into play.<\/p>\n<figure id=\"attachment_370662\" aria-describedby=\"caption-attachment-370662\" style=\"width: 1078px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-370662\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/01\/BTCUSD_4H_16012023.png\" alt=\"\" width=\"1078\" height=\"554\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/01\/BTCUSD_4H_16012023.png 1078w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/01\/BTCUSD_4H_16012023-300x154.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/01\/BTCUSD_4H_16012023-1024x526.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/01\/BTCUSD_4H_16012023-768x395.png 768w\" sizes=\"(max-width: 1078px) 100vw, 1078px\"><figcaption id=\"caption-attachment-370662\" class=\"wp-caption-text\">BTCUSD &ndash; 4-Hour Chart<\/figcaption><\/figure>\n<p>However, in as much as the buyers keep the price above the 9-day and 21-day moving averages, traders may expect a strong bullish movement that could hit the resistance at $26,000 and above. Meanwhile, the technical indicator Relative Strength Index (14) remains at the overbought region, suggesting that more bullish signals may come into play.<\/p>\n<p>However, Meta Masters Guild (MEMAG) is the most rapidly growing Play-to-Earn guild of this year. Therefore, it is going to be the biggest mobile gaming guild in Web3. Fun and interesting games, which are compatible with NFTs, are created. And there, community members are rewarded as they speculate and also invest. The <a href=\"https:\/\/memag.io\/en\">MEMAG<\/a> presale is ongoing and close to $1 million has been raised so far.<\/p>\n<h2>Related<\/h2>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/visit\/memag\/\" rel=\"nofollow\">Meta Masters Guild &ndash; The Fastest Growing Play-to-Earn Guild of 2023<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-meta-masters-guild-token\">How to buy MEMAG<\/a><\/li>\n<\/ul>\n\n            \n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">The Bitcoin price prediction gains 2.37% as bulls keep working hard to nurture a bullish trend from the opening price of $22,671. Bitcoin Prediction Statistics <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-january-21-btc-usd-rises-above-23000-as-bulls-take-control\" title=\"Bitcoin Price Prediction for Today, January 21: BTC\/USD Rises Above $23,000 as Bulls Take Control\">[&#8230;]<\/a><\/div>","protected":false},"author":1742,"featured_media":370660,"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-370658","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":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price Prediction 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