Rally

Bitcoin

Dogecoin

Avalanche

Reversal

Crypto Price Prediction: The <a href="https://coingape.com/crypto-headlines-of-the-week-terra-bitcoin-etfs-the-us-sec-ignite-speculations/" rel="noopener noreferrer nofollow">crypto market</a> is likely to conclude this week on a bullish note as, despite the initiated selling pressure, the Bitcoin price showcased its sustainability above $40000. This stability has positively influenced the altcoin market, with many of the major cryptocurrencies finding adequate support to halt any further decline
However, will the currency relief rally develop into a sustainable recovery or provide sellers a short breather before resuming the downward trend?
In a recent highlight by renowned trader InvestAnswers, the cryptocurrency market is experiencing a mix of trends following the introduction of new ETFs. On the downside, Bitcoin (BTC) and FID are showing signs of slowing momentum, raising caution among investors.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;">ETF after 11 Days<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;">
 THE BAD NEWS
 1) BTC and FID slowing down
 THE GOOD NEWS
 1) GBTC slowed down a lot – nearly 65% from max dips – 2nd least bad day
 2) Net positive flows on Friday 15.9M flowed into Bitcoin
 3) 144,563 Bitcoin sucked into the new ETFs
 4) 5.8bn pumped into… <a href="https://t.co/ch37EL0p8x" rel="noopener noreferrer nofollow">pic.twitter.com/ch37EL0p8x</a>
 — InvestAnswers (@invest_answers) <a href="https://twitter.com/invest_answers/status/1751303131483521207?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 27, 2024</a>
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However, there’s a silver lining as <a href="https://coingape.com/bitcoin-etf-gbtc-trading-volume-surpasses-10-billion-mark/?utm_source=sidebartabnews" rel="noopener noreferrer nofollow">GBTC</a> has seen a significant slowdown, nearly 65% from its maximum dips, indicating a potentially stabilizing market. In a positive turn, there were net inflows of $15.9 million into Bitcoin last Friday, reflecting growing investor interest. The new ETFs are also drawing attention, having absorbed 144,563 Bitcoin and a massive $5.8 billion in investments
While the overall market trend remains positive the crypto market can hunt for entry opportunities in Bitcoin (BTC), Avalanche (AVAX), and Dogecoin (DOGE)
<h2 id="b-failed-breakdown-hints-bitcoin-btc-price-rally-to-49000-b">Failed Breakdown Hints Bitcoin (BTC) Price Rally to $49000</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/z/zTYwilsQ.png" alt="Bitcoin (BTC) Price" width="1814" height="836">
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 Bitcoin (BTC) Price| TradingView Chart
 </figcaption>
</figure>
In the last three months, Bitcoin’s daily time frame chart has shown a steady recovery, supported by an ascending trendline. This trend has featured multiple rebounds from a dynamic support line, offering buyers prime opportunities to buy during dips.&nbsp;
However, the market recently took a downturn, with the <a href="https://coingape.com/price/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin price</a> plummeting from $49,000 to $38,540, a sharp 21% drop. This fall breached the key support, undoing the setup for a bullish push.
However, this breakdown was deceptive, leading to a significant short squeeze that boosted the <a href="https://coingape.com/bitcoin-btc-price-legendary-trader-john-bollinger-hints-next-step-to-watch/" rel="noopener noreferrer nofollow">BTC</a> price to $42,566. If buyers maintain their momentum, they could surpass the 50% retracement of the recent drop at $43,560.&nbsp;
A successful breach of this level would demonstrate increased buyer confidence, potentially paving the way for an attempt to revisit the $49,000 mark.
<h2 id="b-will-dogecoin-doge-price-hit-0-1-multiple-support-fuels-for-new-reversal-b">Will Dogecoin (DOGE) Price Hit $0.1? Multiple Support Fuels for New Reversal</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/j/juQ1NumX.png" alt="Dogecoin (DOGE) Price" width="1946" height="937">
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 Dogecoin (DOGE) Price| TradingView Chart
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<a href="https://coingape.com/markets/dogecoin-price-prediction-will-doge-surpass-0-1-january-end/" rel="noopener noreferrer nofollow">Dogecoin</a>, the leading meme cryptocurrency, has recently experienced a sideways trend in the volatile market, fluctuating between $0.0877 and $0.075. This range, coinciding with the 61.8% Fibonacci retracement level and the 200-day EMA, marks a significant Area of Interest (AOI) for potential buyer dominance.
Additionally, the recent announcement by the Canadian crypto exchange Uphold about reintroducing nine tokens, including DOGE, is likely to attract a new influx of buyers to this memecoin, bolstering the chances of a bullish reversal.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4e3.png" alt="📣" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1e8-1f1e6.png" alt="🇨🇦" class="wp-smiley" style="height: 1em; max-height: 1em;"> Alert for our Topper users in Canada. The following tokens have been relisted on Topper and are available via our widget or with any of our Topper partners. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1e8-1f1e6.png" alt="🇨🇦" class="wp-smiley" style="height: 1em; max-height: 1em;">
 <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ADA</a>, <a href="https://twitter.com/search?q=%24CSPR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$CSPR</a>, <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGE</a>, <a href="https://twitter.com/search?q=%24HBAR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$HBAR</a>, <a href="https://twitter.com/search?q=%24INJ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$INJ</a>, <a href="https://twitter.com/search?q=%24KAS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$KAS</a>, <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a>, <a href="https://twitter.com/search?q=%24XDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XDC</a> and <a href="https://twitter.com/search?q=%24XLM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XLM</a>
 Head to Topper <a href="https://t.co/rkSQQYvoRF" rel="noopener noreferrer nofollow">https://t.co/rkSQQYvoRF</a> <a href="https://t.co/GXbboobvB7" rel="noopener noreferrer nofollow">pic.twitter.com/GXbboobvB7</a>
 — Uphold (@UpholdInc) <a href="https://twitter.com/UpholdInc/status/1750590783814590701?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 25, 2024</a>
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A breakthrough above the $0.0877 resistance could set the stage for the <a href="https://coingape.com/price/dogecoin/" rel="noopener noreferrer nofollow">Dogecoin price</a> to ignite a 33% rally, targeting the upper trendline of the long-standing symmetrical triangle at $0.106.
<h2 id="b-strategic-pullback-sets-avalanche-avax-price-for-38-upswing-b">Strategic Pullback Sets Avalanche (AVAX) Price for 38% Upswing</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/q/Q4N3mD5O.png" alt="Avalanche (AVAX) Price" width="1815" height="836">
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 Avalanche (AVAX) Price| TradingView Chart
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<a href="https://coingape.com/blog/trending-avax-meme-coins/" rel="noopener noreferrer nofollow">AVAX</a>, Avalanche’s native token, has undergone a significant correction over the past month due to the recent downturn in the market. This adjustment saw AVAX’s value drop from a high of $50 to a recent low of $36.72, amounting to a 26.5% loss.
Despite this decline, the <a href="https://coingape.com/price/avalanche/" rel="noopener noreferrer nofollow">Avalanche price</a> managed to form a bullish reversal pattern known as a flag. On January 23rd, buyers initiated a rebound from the 50% Fibonacci retracement level, leading to a 33% price increase within just a week.
This surge resulted in AVAX breaking through the upper resistance of the flag pattern, indicating a potential continuation of the existing uptrend. If market momentum remains favorable, buyers could target further gains, with potential price points at $42.2 and then possibly reaching the psychologically significant $50 level.
<h3 id="related-articles">Related Articles:</h3>
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 <li><a href="https://coingape.com/bitcoin-price-jumps-5-in-catch-up-to-equities-43000-in-sight/" rel="noopener noreferrer nofollow">Bitcoin Price Jumps 5% In Catch-Up To Equities, $43,000 In Sight</a></li>
 <li><a href="https://coingape.com/bitcoin-revealed-a-cautious-pre-halving-tale-with-dips-and-recovery/" rel="noopener noreferrer nofollow">Bitcoin Revealed a Cautious Pre-Halving Tale With Dips And Recovery</a></li>
 <li><a href="https://coingape.com/bitcoin-hashrate-in-recovery-mode-as-price-holds-key-support/" rel="noopener noreferrer nofollow">Bitcoin Hashrate in Recovery Mode as Price Holds Key Support</a></li>
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The post <a href="https://coingape.com/markets/crypto-price-prediction-today-january-28-btc-avax-doge/" rel="noopener noreferrer nofollow">Crypto Price Prediction For January 28: BTC, AVAX, DOGE</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Crypto Price Prediction For January 28: BTC, AVAX, DOGE

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