Bitcoin (BTC) Price Analysis for January 25

There are no reversal signals on the last day of the week, according to CoinStats.

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Top coins by CoinStats

BTC/USD

The rate of Bitcoin (BTC) has declined by 1.33% since yesterday. Over the last week, the price has fallen by 7.1%.

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On the hourly chart, the price of BTC is going up after setting a local support at $87,957. As most of the daily ATR has been passed, there are low chances to see sharp moves by tomorrow.

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On the bigger time frame, bears are controlling the situation on the market. If the candle closes around the current prices, traders may see a test of the interim level at $86,561 in the upcoming week.

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From the midterm point of view, the rate of the main crypto is going down after a false breakout of the resistance at $95,938.

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If the decline continues to the support, the accumulated energy might be enough for a dump to the $80,000 area.

Bitcoin is trading at $88,265 at press time.

Source: https://u.today/bitcoin-btc-price-analysis-for-january-25