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Bitcoin BTC/USD Forecast on January 26

BTC/USD closed the previous day at a level below 33,000. The cryptocurrency market, following Bitcoin, is in correction.

The Bitcoin price tested the lower border of the Ichimoku cloud, followed by a drop in the cryptocurrency rate. Despite the increased attention and promotion of easy investments in cryptocurrencies, professional investors understand that they are participating in a big financial bubble, and BTC / USD is at the very top of it. It does not add confidence that tether scammers are acting in collusion with the largest cryptocurrency exchanges, throwing in billions of unsecured tokens.

Bitcoin BTC/USD Forecast on January 26

The resistance level for the Bitcoin rate is 34,800. The growth of the cryptocurrency rate and the fixation of BTC above it will mean an attempt to return to the upward trend. It is possible to try to test the new channel boundary - the descending one, at 35 700.

The support level for the BTC/USD cryptocurrency is 30,900. When the support level is broken, the trend will be definitively defined as downtrend. The target of the fall of the cryptocurrency will be the level of 26000.

Thus, the forecast for the Bitcoin exchange rate for January 26 assumes a fall in the cryptocurrency rate in the framework of a downward trend.

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