$BTC

Bitcoin (BTCUSD) Price Tests the Support Floor – Today's Forecast 01-29-2025

Bitcoin (BTCUSD) price faced negative pressure to test the pivotal support floor $100150.00, and we notice that the price starts today with an upward trend in an attempt to resume the expected upward trend in the short term, supported by the Stochastic indicator gaining positive momentum on the short term time frames.

From here, we continue to favor the upward trend for the coming period, noting that breaching $102900.00 will facilitate the price's mission to achieve the expected positive target at $108350.45, reminding that breaking $100150.00 will stop the upward wave and pressure the price to decline and test the $95195.00 areas before any new attempt to rise.

Expected trading range for today is between support $100000.00 and resistance $106000.00

Today's price forecast: High $BTC