Bitcoin

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Even though Saturday started bearish for the <a href="https://u.today/btc-eth-and-bnb-price-analysis-for-january-5" rel="noopener noreferrer nofollow">cryptocurrency market</a>, some coins have already returned to the green zone. <img data-entity-type="file" data-entity-uuid="f7a7b878-b1b7-4233-849f-1e101cd3a47b" src="https://u.today/sites/default/files/inline-images/top10_871.png">BTC chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="btc-usd">BTC/USD</h2>
The rate of Bitcoin (BTC) has risen by 0.50% since yesterday. <img data-entity-type="file" data-entity-uuid="526353a1-4431-456b-83f3-94737f1ce1ee" src="https://u.today/sites/default/files/inline-images/btc1_163.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of BTC looks bullish as it is on the way to test the local resistance level of $43,905.
If a breakout happens, the upward move may continue to the $44,200 area tomorrow. <img data-entity-type="file" data-entity-uuid="0b685501-ae23-485c-aaac-d9413c061f4a" src="https://u.today/sites/default/files/inline-images/btc2_146.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a>
A less positive situation is on the daily time frame. Neither bulls nor bears are ready to seize the initiative. In this case, ongoing sideways trading in the narrow range of $43,000-$44,500 is the more likely scenario for the next days. <img data-entity-type="file" data-entity-uuid="90ec22f3-0f2e-4bd6-9d29-f2a8abb05f49" src="https://u.today/sites/default/files/inline-images/btc3_144.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, one should focus on the weekly candle closure in terms of the $44,729 level. If the bar closes near it, there is a possibility of a price blast to the $46,000-$47,000 zone.
Bitcoin is trading at $43,900 at press time.

Bitcoin (BTC) Price Analysis for January 6

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