The Bitcoin exchange rate forecast is based on the BTC/USD rate of $ 30,380. The quotes of the main cryptocurrency pair are showing a consistent decline. There is already a corridor, a descending channel, within which it is possible to plan the movement of the cryptocurrency for tomorrow and a week ahead.
The resistance level for the Bitcoin rate is the upper border of the descending channel, at the level of 35,000. It is also worth noting that the BTC/USD quotes are below the Ichimoku cloud, which signals a downward trend in Bitcoin. The indicator signal lines are also directed downward.
Another, weaker resistance level is at 33,500. This is the upper border of the Ichimoku cloud.
The support level for the Bitcoin rate is the extremely important psychological level of 30,000. Only recently, this level has been tested 4 times. Overcoming the level of $ 30,000 down will open the prospect for a fall in the Bitcoin rate to an area closer to $ 20,000.
The closest target of the Bitcoin downtrend is seen at the level of 26,100. The forecast for a fall in the rate to this mark will increase in the event of a short-term upward pullback of Bitcoin quotes and testing of the previously mentioned resistance levels.
Thus, the Bitcoin exchange rate forecast for January 28 assumes a short-term uptrend, followed by a fall in the BTC/USD rate to the area below $ 30,000.