BTC/USD Bitcoin exchange rate forecast for January 31, 2024

BTC/USD quotes are trading at 43404 and continue to move as part of a bullish correction and a bearish channel. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of Digital Gold and a potential continuation of growth in the value of the asset from current levels. As part of the cryptocurrency rate forecast for tomorrow, January 31, 2024, we should expect an attempt to develop a bullish correction in the value of the digital asset and a test of the resistance level near the 44065 area. From where we should again expect a downward rebound and an attempt to continue the fall of the Bitcoin rate with a target below the 36505 area. #Wtite2Earn