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Bitcoin (BTC) Price Analysis for January 14


The market keeps booming as the rates of all top 10 coins are rising.

Top coins by CoinMarketCap


Bitcoin (BTC) has outperformed all other coins from the top 10 list, rocketing by 10.76%.

BTC/USD chart by TradingView

On the local chart, the price is between the recently formed support at $19,938 and the resistance at $21,247. At the moment, the rate is closer to the upper level, which means that closure near it may be a prerequisite for further growth to the $22,000 zone.

BTC/USD chart by TradingView

On the daily time frame, the price of Bitcoin (BTC) has almost reached the resistance at $21,473. Currently, traders should pay attention to the way BTC approaches the level. If the speed is high, there is a chance to see a false breakout followed by a correction to the $20,000 area.

BTC/USD chart by TradingView

On the bigger chart, Bitcoin (BTC) has started to realize the accumulated energy. If the candle closes with no long wicks, the midterm rise may continue to the $22,781 mark. At that level, one can expect some correction as the main crypto is about to reach the overbought zone.

Bitcoin is trading at $20,900 at press time.


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