Bitcoin BTC / USD Forecast and Analysis January 1, 2021



BTC / USD Quotes are traded at 28613 and continue to move within the growth and upward channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $ 530,929,736,621. Moving averages indicate a short-term bullish trend for Bitcoin. Prices are again testing the area between the lines, which indicates pressure from buyers of Digital Gold and a potential continuation of the asset’s price growth from the current levels. As part of the cryptocurrency rate forecast for tomorrow, January 1, 2021, we should expect an attempt to develop a slight correction in the value of a digital asset and a test of the support level near the 27845 area. Where again should we expect a rebound and an attempt to raise the Bitcoin rate with a target above the 32365 area.

Bitcoin BTC / USD Forecast and Analysis January 1, 2021

An additional signal in favor of the growth of BTC / USD quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the “Triangle” pattern. Cancellation of the growth rate and value of Bitcoin will be a fall in the value of the asset and a breakdown of the area of ​​26805. This will indicate a breakdown of the support area and the continuation of the fall in the Bitcoin rate with a potential target at 25705. With a breakdown of the resistance area and closing of cryptocurrency quotes above the level of 29755, which will indicate a breakdown the upper border of the “Triangle” model.

Thus, Bitcoin BTC / USD Forecast January 1, 2021 suggests an attempt to test the support level near the area of ​​27845. And further, the cryptocurrency will continue to grow with a potential target at 32365. An additional signal in favor of the Bitcoin rate rise will be a test of the support line on the relative strength index (RSI) … Cancellation of the cryptocurrency growth option will be a fall and a breakdown of the 26805 area. This will indicate a continued decline with a potential target below the 25705 area.

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BTC / USD Quotes are traded at 28613 and continue to move within the growth and upward channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $ 530,929,736,621. Moving averages indicate a short-term bullish trend for Bitcoin. Prices are again testing the area between the lines, which indicates pressure from buyers of Digital Gold and a potential continuation of the asset’s price growth from the current levels. As part of the cryptocurrency rate forecast for tomorrow, January 1, 2021, we should expect an attempt to develop a slight correction in the value of a digital asset and a test of the support level near the 27845 area. Where again should we expect a rebound and an attempt to raise the Bitcoin rate with a target above the 32365 area.

Bitcoin BTC / USD Forecast and Analysis January 1, 2021

An additional signal in favor of the growth of BTC / USD quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the “Triangle” pattern. Cancellation of the growth rate and value of Bitcoin will be a fall in the value of the asset and a breakdown of the area of ​​26805. This will indicate a breakdown of the support area and the continuation of the fall in the Bitcoin rate with a potential target at 25705. With a breakdown of the resistance area and closing of cryptocurrency quotes above the level of 29755, which will indicate a breakdown the upper border of the “Triangle” model.

Bitcoin BTC / USD Forecast and Analysis January 1, 2021

Thus, Bitcoin BTC / USD Forecast January 1, 2021 suggests an attempt to test the support level near the area of ​​27845. And further, the cryptocurrency will continue to grow with a potential target at 32365. An additional signal in favor of the Bitcoin rate rise will be a test of the support line on the relative strength index (RSI) … Cancellation of the cryptocurrency growth option will be a fall and a breakdown of the 26805 area. This will indicate a continued decline with a potential target below the 25705 area.

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BTC / USD Quotes are traded at 28613 and continue to move within the growth and upward channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $ 530,929,736,621. Moving averages indicate a short-term bullish trend for Bitcoin. Prices are again testing the area between the lines, which indicates pressure from buyers of Digital Gold and a potential continuation of the asset’s price growth from the current levels. As part of the cryptocurrency rate forecast for tomorrow, January 1, 2021, we should expect an attempt to develop a slight correction in the value of a digital asset and a test of the support level near the 27845 area. Where again should we expect a rebound and an attempt to raise the Bitcoin rate with a target above the 32365 area.

Bitcoin BTC / USD Forecast and Analysis January 1, 2021

An additional signal in favor of the growth of BTC / USD quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the “Triangle” pattern. Cancellation of the growth rate and value of Bitcoin will be a fall in the value of the asset and a breakdown of the area of ​​26805. This will indicate a breakdown of the support area and the continuation of the fall in the Bitcoin rate with a potential target at 25705. With a breakdown of the resistance area and closing of cryptocurrency quotes above the level of 29755, which will indicate a breakdown the upper border of the “Triangle” model.

Bitcoin BTC / USD Forecast and Analysis January 1, 2021

Thus, Bitcoin BTC / USD Forecast January 1, 2021 suggests an attempt to test the support level near the area of ​​27845. And further, the cryptocurrency will continue to grow with a potential target at 32365. An additional signal in favor of the Bitcoin rate rise will be a test of the support line on the relative strength index (RSI) … Cancellation of the cryptocurrency growth option will be a fall and a breakdown of the 26805 area. This will indicate a continued decline with a potential target below the 25705 area.




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