The Bitcoin exchange rate forecast is made at a rate of $ 37,300. It is believed that the sharp jump in the value of Bitcoin occurred after the richest man in the world, Elon Musk, posted a hashtag about cryptocurrencies on his Twitter.
This surge provides an opportunity for those looking to sell their Bitcoins to do so at the maximum price. As part of technical analysis, when the global trend reverses, the price should return and try to continue its growth.
And this attempt should fail, crashing against the previously broken downward trend line. Therefore, traders should hurry up until the Bitcoin rate goes down again.
The resistance level for the Bitcoin rate is $ 38,900. This is an important Fibonacci reversal level.
The support level is 33,300. This is the upper limit of the Ichimoku cloud, which is always an important level on the cryptocurrency chart. If the level of 33,300 is broken, the BTC/USD quotes will tend to consolidate below the next support level - 29,100.
Thus, the Bitcoin exchange rate forecast for January 30 assumes a fall in the Bitcoin exchange rate to an area below $ 34,000.