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Crypto Price Prediction: The cryptocurrency market has showcased notable resilience to the recent sell-off which plunged the majority of major crypto coins in the correction phase. With renewed buying pressure among traders, the <a href="https://coingape.com/markets/bitcoin-price-to-48000-as-pattern-end-correction/" rel="noopener noreferrer nofollow">Bitcoin</a> price is back above $43000, bolstering altcoins to regain their lost ground.&nbsp;
Moreover, recent insights from the crypto analytics firm Santiment highlight <a href="https://coingape.com/bitcoin-witness-478-mln-outflows-as-grayscale-outflow-abates/" rel="noopener noreferrer nofollow">post-ETF approvals</a>, both Bitcoin and Ethereum have seen a significant portion of their supplies moving off exchanges, indicating a growing trend towards self-custody and staking. This movement is critical as it suggests a reduced risk of future sell-offs for these major cryptocurrencies.&nbsp;
In contrast, Tether (USDT) witnessed nearly 4% of its available supply returning to exchanges within the past five weeks. This marks a substantial change, as it’s the first time in almost 10 months that around 30% of the available USDT is back on exchanges – a scenario last observed when Bitcoin was trading below $25k.&nbsp;
This return of USDT to exchanges could imply an increase in buying power in the crypto market, signaling potential shifts in market liquidity and trading dynamics.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"> As <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a>'s &amp; <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a>'s respective supplies have continued moving off exchanges after the <a href="https://twitter.com/hashtag/ETF?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETF</a> approvals, an interesting development has been <a href="https://twitter.com/hashtag/Tether?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Tether</a> seeing nearly 4% of its available supply come back to exchanges in 5 weeks. The increase in buying power implies
 (Cont) <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/hQrBhZchEu" rel="noopener noreferrer nofollow">pic.twitter.com/hQrBhZchEu</a>
 — Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1752126444229341534?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 30, 2024</a>
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With the increasing possibility of an uptrend resuming bullish traders can look for a long opportunity in Bitcoin (BTC), Avalanche(AVAX), and SUI
<h2 id="b-whale-accumulation-amid-market-dip-sets-bitcoin-btc-price-recovery-to-47000-b">Whale Accumulation Amid Market Dip Sets Bitcoin (BTC) Price Recovery to $47000</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/z/zLFJSPff.png" alt="Bitcoin (BTC) Price" width="1946" height="937">
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 Bitcoin (BTC) Price| TradingView Chart
 </figcaption>
</figure>
Amid the recent reversal of <a href="https://coingape.com/price/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin price</a> from the $38500 mark, the 4-hour time frame indicates the development of an inverted head and shoulder pattern. This bullish reversal pattern gives additional confirmation for the ended correction trendline and the possibility of a new rally.&nbsp;
Having said that, Bitcoin whales were actually accumulating more of this digital asset during the recent correction. According to insights from renowned crypto analyst @ali_chart, approximately 67 new entities have entered the scene, now holding 1,000 BTC or more each. This represents a substantial 4.50% increase in just two weeks.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 While some shivered with fear during the recent price correction, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> whales were accumulating more <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>!
 Around 67 new entities now hold 1,000 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> or more, marking a 4.50% increase in two weeks. <a href="https://t.co/tje3fhznRR" rel="noopener noreferrer nofollow">pic.twitter.com/tje3fhznRR</a>
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1752237851255689674?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 30, 2024</a>
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On January 29th, the BTC price gave a bullish breakout from the pattern’s neckline resistance at $43000, offering a new entry opportunity for traders. Currently trading at $43580, if the BTC price holds above the breached resistance, the buyers may drive a rally to $47000 in near future.
<h2 id="b-bullish-pattern-may-bolster-avalanche-avax-price-to-surpass-75-mark-b">Bullish Pattern May Bolster Avalanche (AVAX) Price to Surpass $75 Mark</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/n/N8Sg1HPh.png" alt="Avalanche (AVAX) Price" width="1946" height="937">
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 Avalanche (AVAX) Price| TradingView Chart
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An analysis of the daily time frame shows the <a href="https://coingape.com/price/avalanche/" rel="noopener noreferrer nofollow">Avalanche (AVAX) price</a> developed a bullish pennant pattern in the daily time frame chart. This chart pattern commonly observed as an established uptrend provides buyers an opportunity to revive bullish momentum.
On January 23, the <a href="https://coingape.com/blog/trending-avax-meme-coins/" rel="noopener noreferrer nofollow">AVAX</a> price rebounded from $27.5 support and surged 33% in the last eight days. This uptick breached the resistance trendline of the pennant pattern, providing buyers an additional confirmation of uptrend continuation.&nbsp;
With sustained buying, the post-breakout rally could assist the AVAX price in chasing the $76 mark.
<h2 id="b-here-s-why-sui-price-may-surpass-1-7-barrier-b">Here’s Why SUI Price May Surpass $1.7 Barrier</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/w/wM8Sk2V5.png" alt="SUI Price" width="1946" height="937">
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 SUI Price| TradingView Chart
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Despite the recent downturn in the broader crypto market, the <a href="https://coingape.com/sui-surges-11-as-alibaba-cloud-amplifies-support-for-the-network/" rel="noopener noreferrer nofollow">SUI token</a> has maintained its resilience, holding steadfastly above the $1 psychological threshold. A notable rebound from this level has propelled the token’s value by 56% over the past eight days, with its current trading price at $1.57.&nbsp;
This surge has notably surpassed the previous swing high resistance zone between $1.45 and $1.46, suggesting that the preceding corrective phase allowed buyers to regain their bullish momentum.&nbsp;
According to the Fibonacci extension tool, the upward trajectory of the <a href="https://coingape.com/markets/sui-price-prediction-will-sui-tvl-expansion-for-a-15/" rel="noopener noreferrer nofollow">SUI price</a> could target $1.68, followed by a more ambitious goal of $2.77. However, the relatively high ADX value of 31% indicates that further pullbacks might be necessary to sustain a stable rally in the near term.
<h3 id="related-articles">Related Articles:</h3>
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The post <a href="https://coingape.com/markets/crypto-price-prediction-today-january-30-btc-avax-sui/" rel="noopener noreferrer nofollow">Crypto Price Prediction For January 30: BTC, AVAX, SUI</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Crypto Price Prediction For January 30: BTC, AVAX, SUI

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