📈 Analysis and Prediction (BTC and TIA):

😵 #BTC/USDT - Technical analysis of the weekly timeframe indicates that the price of #Bitcoin started declining after reaching a peak at $49,050, coinciding with the 0.618 Fibonacci level. Although the asset has slightly rebounded, it is still trading around the 0.5 level. Notable analysts and traders have mixed opinions on the future trend. Forecast: Technical analysis of the daily timeframe shows that #BTC is trading below the confluence of resistance levels between $43,600 and $44,800. The resistance is formed by the 0.5-0.618 Fibonacci resistance levels, a horizontal resistance area, and the support line of an ascending parallel channel. The daily RSI confirms the existence of this resistance area: the indicator reached the bearish divergence line, which preceded the entire downward movement. Until Bitcoin breaks above the resistance confluence of $43,600-$44,800, it risks dropping by another 16% to the nearest support at $35,500.

🎉 #TIA/USDT - Technical analysis of the daily timeframe shows that #TIA has been rising along the ascending support line since November 7, 2023. The culmination of this movement was reaching a historical high of $20.40 on January 15. Although the price of Celestia fell after that, on January 23, the asset confirmed the trendline and the horizontal support area, initiating the current rebound. Forecast: Technical analysis of the six-hour timeframe supports the possibility of growth. In the chart below, it can be seen that TIA is trading within an ascending parallel channel and has reclaimed the $17 horizontal area, confirming it as support. The six-hour RSI is above 50 and rising. If Celestia continues its upward movement, it may reach the next resistance at $20, which is 10% higher than the current price. This is the last resistance area before a new historical high, coinciding with the upper boundary of the channel.

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