Bitcoin (BTC/USD) Market Signals Bullish Continuation Above $100000 Psychological Level
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Bitcoin Price Prediction – January 30
Bitcoin market signals a bullish continuation above the $100000 psychological level. The price, however, seems to be currently undergoing a short-term retracement. The Moving Average Convergence Divergence (MACD) indicator highlights strong bullish momentum, with the MACD line positioned above the signal line in positive territory. The 9-day Simple Moving Average (SMA), currently at $103,290, supports the uptrend as the price continues to trade above it. The MACD histogram shows consistent positive bars, reinforcing the bullish outlook. These indicators suggest sustained upward momentum.
BTC/USD Market Key Levels:
Resistance Levels: $109,400, $115,000, $125,000
Support Levels: $85,010, $66,780, $53,500
BTC/USD – Daily Chart
The BTCUSD daily chart appears bearish for the short term.
BTCUSD is projected to break above the $109,400 resistance level, confirming a Break of Structure (BOS) and a bullish market structure. The $100,000 support zone remains intact after a recent bullish bounce, marked by a long wick, indicating strong buyer interest. The presence of an order block between $90,680 and $100,740 further underscores significant demand in this region, acting as a safety net for further upward movement.
What is the likely projection of BTCUSD?
BTCUSD may rally toward $115,000 as the next major resistance. Should bullish momentum persist, the price could eventually test $125,000.
However, if the $100,000 support fails to hold, the pair might revisit the $90,680-$100,740 order block for fresh demand before resuming its uptrend. The overall sentiment remains bullish above $100,000, with a positive outlook for higher targets.
Bitcoin: Four-Hour Chart
BTCUSD is currently retracting away from a diagonal resistance while forming lower highs, indicating a potential retracement. The price is likely to dip toward the $97,720–$100,000 demand zone, where liquidity and an order block (+OB) reside.
If buyers step in at this level, BTC could regain bullish momentum, targeting the $115,000 resistance level. The MACD histogram shows weakening bullish momentum, supporting the possibility of a short-term pullback before the next leg up.
Bitcoin (BTC) Current Statistics
The current price: $101,700
Market Capitalization: $2,030,000,000,000
Trading Volume: $45,350,000,000
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