Bitcoin Price Analysis for Today, January 7

Today, Bitcoin ($BTC ) opened at $102,237. This is -0.42% lower than the opening price. Despite a rally to $102,511, Bitcoin (BTC) faced resistance and was unable to maintain the momentum to move higher. From the maximum price over the last 30 and 7 days, its value has decreased by -5.85% and increased by 2.92%, while from the minimum recorded price over the same period it has increased by 11.14%.

If the price drops, the first support level to watch will be $73,687. If this level does not hold, further decline may occur down to the next support level at $68,743.

The EMAs on the daily chart indicate a bullish signal. Bitcoin is currently above the 10-, 20-, 50-, 100-, and 200-day EMAs.