Bitcoin markets are bullish, and the Fear & Greed index is reading greed. The most important support levels to watch are $ 101,390, $ 98,740, and $ 96,205, while the key resistance levels are $ 106,575, $ 109,110, and $ 111,760. Twenty-seven indicators are currently signalling a bullish prediction for Bitcoin, while 2 indicators are showing a bearish forecast. With 93% of indicators favouring a positive prediction. This results in an overall bullish sentiment for Bitcoin.
Bitcoin in the last 30 days
Bitcoin has been displaying a positive trend recently, gaining 7.03% in the last 30 days. The medium-term trend for Bitcoin has been bullish, with BTC increasing by 57.31% in the last 3 months. The long-term picture for Bitcoin has been positive, as BTC currently displays a 162.46% 1-year price change. On this day last year, BTC was trading at $ 40,201.
Bitcoin reached its all-time high price on Jan 20, 2025, when the price of BTC peaked at $ 109,079. The current BTC cycle high is $ 109,079, while the cycle low is $ 100,480. Bitcoin Predicted Market, BTC has been displaying low volatility recently; the 1-month volatility of the coin is at 3.92. Bitcoin recorded 18 green days in the last 30 days.
BTC price is expected to rise by 8.35%
- Bitcoin is up 3.53% today against the US Dollar
- BTC/ETH decreased by -2.26% today
- Bitcoin is currently trading 7.48% below our prediction on Jan 29, 2025
- Bitcoin gained 7.03% in the last month and is up 162.46% since 1 year ago
is trading at $ 105,510 after gaining 3.53% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 2.19% in the same period. Bitcoin Predicted Market, According to our Bitcoin price prediction, BTC is expected to reach $ 114,043 by Jan 29, 2025. This would represent an 8.35% price increase for BTC in the next 5 days.
Bitcoin technical analysis for today – Jan 24, 2025
The sentiment in the Bitcoin markets is bullish, and the Fear & Greed index reads Greed. The most important support levels to watch are $ 101,390, $ 98,740, and $ 96,205, while the key resistance levels are $ 106,575, $ 109,110, and $ 111,760. Twenty-seven indicators currently signal a bullish prediction for Bitcoin, while 2 show a bearish forecast. With 93% of indicators favouring a positive prediction. This results in an overall bullish sentiment for Bitcoin.
Currently, the Fear & Greed index is at 75 (Greed), which signals investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but it can also indicate that the market is overvalued. On the other hand, a “Fear” reading signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
Summary
After considering the above factors, we can conclude that the current forecast for Bitcoin price prediction is bullish. BTC would have to increase by 8.35% to hit our $ 114,043 target within the next five days. Moving forward, monitoring the BTC market sentiment, the key support and resistance levels, and other metrics will be important. However, we must remember that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility.
FAQs
What are the key support and resistance levels for Bitcoin?
Important support levels are $101,390, $98,740, and $96,205, while resistance levels are $106,575, $109,110, and $111,760.
How has Bitcoin performed over the last 30 days?
Bitcoin has gained 7.03% in the past 30 days, with a 162.46% increase over the last year.
What is the Bitcoin price prediction for the next 5 days?
Bitcoin is expected to rise by 8.35%, reaching a price of $114,043 by January 29, 2025.
What is the volatility level of Bitcoin currently?
Bitcoin is currently displaying low volatility, with a 1-month volatility of 3.92%.
