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Bitcoin (BTC) Price Prediction: BTC Tests Critical Floor After Failed January Bounce


by Maxwell Mutuma
for CoinEdition
Bitcoin (BTC) Price Prediction: BTC Tests Critical Floor After Failed January Bounce

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AI Overview

Bitcoin remains below key EMAs, indicating a bearish trend with lower highs and lows. Recent price action failed to regain critical Fibonacci levels, suggesting heavy selling pressure persists. Market sentiment is cautious as outflows increase and open interest declines, pointing to a defensive posture among traders.

Bearish
  • Bearish four-hour structure persists as Bitcoin stays below all major EMAs near term.
  • Failure at key Fibonacci levels signals heavy supply and limited rebound strength.
  • Rising outflows and easing open interest reflect defensive positioning, not capitulation.

Bitcoin entered late January under visible pressure as sellers kept control on the four-hour chart. After failing near the recent $97,900 peak, price action shifted decisively lower. Market participants observed a steady pattern of lower highs and lower lows. 

Consequently, short-term sentiment turned cautious as Bitcoin traded beneath every major exponential moving average. This alignment reinforced expectations of further downside risk unless buyers regain critical levels.

Short-Term Structure Remains Fragile

Price behavior continues to reflect a bearish market structure. Bitcoin remains capped below th…

Read The Full Article Bitcoin (BTC) Price Prediction: BTC Tests Critical Floor After Failed January Bounce On Coin Edition.

Read the article at CoinEdition

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Bitcoin (BTC) Price Prediction: BTC Tests Critical Floor After Failed January Bounce


by Maxwell Mutuma
for CoinEdition
Bitcoin (BTC) Price Prediction: BTC Tests Critical Floor After Failed January Bounce

Share:

AI Overview

Bitcoin remains below key EMAs, indicating a bearish trend with lower highs and lows. Recent price action failed to regain critical Fibonacci levels, suggesting heavy selling pressure persists. Market sentiment is cautious as outflows increase and open interest declines, pointing to a defensive posture among traders.

Bearish
  • Bearish four-hour structure persists as Bitcoin stays below all major EMAs near term.
  • Failure at key Fibonacci levels signals heavy supply and limited rebound strength.
  • Rising outflows and easing open interest reflect defensive positioning, not capitulation.

Bitcoin entered late January under visible pressure as sellers kept control on the four-hour chart. After failing near the recent $97,900 peak, price action shifted decisively lower. Market participants observed a steady pattern of lower highs and lower lows. 

Consequently, short-term sentiment turned cautious as Bitcoin traded beneath every major exponential moving average. This alignment reinforced expectations of further downside risk unless buyers regain critical levels.

Short-Term Structure Remains Fragile

Price behavior continues to reflect a bearish market structure. Bitcoin remains capped below th…

Read The Full Article Bitcoin (BTC) Price Prediction: BTC Tests Critical Floor After Failed January Bounce On Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 89.09K

+1.45%

Share:

In This News

Coins

$ 89.09K

+1.45%

Share:

Read More

Bitcoin faces slide to $60,000 if impending US shutdown triggers a statistical blackout

Bitcoin faces slide to $60,000 if impending US shutdown triggers a statistical blackout

Bitcoin traders are aggressively positioning for a US government shutdown that could ...
Bitcoin Price Prediction: $191M Accumulation Wave Tests Bollinger Band Support

Bitcoin Price Prediction: $191M Accumulation Wave Tests Bollinger Band Support

Bitcoin price today trades near $87,706 after bouncing from the lower Bollinger Band ...