Bitcoin Price Prediction 2024-2030: Here’s How BTC Price Prediction Forecasts $100K After Halving 2024? ❤️🔥❤️🔥❤️🔥
Bitcoin Price Prediction January – 2024
With the recent news of Bitcoin Spot ETF approvals, Bitcoin saw a momentary rise to the $49K mark, hoping to cross the $50K milestone. However, the immense selling pressure above the $46.5K barrier and the short-term profit booking leads to a quick drop.
With a longwick candle in the weekly chart, the BTC price trend delays the rounding bottom breakout, with a neckline at 61.80% Fibonacci level. As of now, Bitcoin trades at $45,757 and struggles to sustain the bullish momentum.
In the breakout scenario where growing demand and market sentiment align, Bitcoin could very well reach the $50,000 mark this January. Optimistically, the uptrend can reach $60K by month’s end.
Conversely, a fallback to the $45,000 level cannot be ruled out if the market fails to sustain momentum.
$BTC
