Bitcoin (BTC) Price Prediction for January 23
Original U.Today article Denys Serhiichuk How long is correction of Bitcoin (BTC) going to last? Cover image via U.TodayDisclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Sellers have again seized the initiative, according to CoinStats.BTC chart by CoinStatsBTC/USDThe rate of Bitcoin (BTC) has gone down by 2% over the last 24 hours.Image by TradingViewOn the hourly chart, the situation is rather bearish as the price is close to the support level. Related If the picture does not change by the end of the day, there is a possibility of seeing a breakout, followed by a further decrease to the $101,000 zone.Image by TradingViewOn the longer time frame, there are no reversal signals yet. If today's candle closes near its low, the decline is likely to continue to the vital area of $100,000.Image by TradingViewFrom the midterm point of view, the situation is similar. The volume keeps falling, which means buyers are not ready yet for a reversal. A drop below $100,000 is the most likely scenario.Bitcoin is trading at $102,256 at press time. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. About the author Denys Serhiichuk With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins. Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today. Related articles