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Bitcoin (BTC) Price Prediction for January 7

source-logo  u.today 23 h

Most of the coins are in the green zone again, according to CoinMarketCap.

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BTC/USD

The rate of Bitcoin (BTC) has risen by 2.45% over the last 24 hours.

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The price of BTC is falling after a breakout of the local support of $101,557. If the drop continues, there is a chance of a test of the $100,000 area by tomorrow.

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On the bigger time frame, the rate of the main crypto is going down after a false breakout of the resistance of $102,747.

If sellers' pressure continues, traders may witness a test of the $98,000-$99,000 range.

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From the midterm point of view, the price of the main coin is far from the key levels. If the weekly bar closure happens with a long wick, one can expect a correction to $95,000.

Bitcoin is trading at $100,409 at press time.

u.today