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Bitcoin (BTC) Price Prediction for January 28

source-logo  u.today 28 January 2025 16:47, UTC

The market is again green today, according to CoinStats.

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BTC/USD

The rate of Bitcoin (BTC) has increased by 1.86% over the last 24 hours.

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On the hourly chart, the price of the main crypto is near the local resistance of $103,347. If buyers can hold the gained initiative, the breakout may lead to a test of the $104,000 area soon.

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On the bigger time frame, none of the sides is dominating.

The rate is far from the main levels, which means traders are unlikely to see sharp ups or downs by the end of the week.

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A similar picture can be seen on the weekly chart. If the situation does not change, ongoing sideways trading in the narrow range of $100,000-$106,000 is the more likely scenario.

Bitcoin is trading at $103,048 at press time.

u.today