ביטקאָין ריווז זיין רייסינג מאָטאָר נאָך מאַסיוו ברייקאַוט

ביטקאָין (בטק) is currently showing positive momentum, with the קריפּטאָקוררענסי undergoing a significant rally so far in January, with a 40% increase in value to reach $23,000. This marks the steepest gain for ביטקאָין זינט אקטאבער 2021. 

The recent price rally has led analysts to focus on higher valuations that were last seen in mid-2022 but also anticipate further gains based on the sentiment of traditional risk assets. Bitcoin is on track for a major breakout on its 1-year chart, with the possibility of reaching $46,100 sooner than expected, after first breaking קעגנשטעל לעוועלס at $25,000 and $32,000, according to דאַטן-געטריבן investment research at שפּיל פון טריידז.

“BTC has started its race engine following a massive breakout. $46k incoming sooner than a lot of investors think.”

Bitcoin breaking out. Source: Game of Trades

Despite ongoing worries about the consequences from the bankruptcy of קריפּטאָ וועקסל FTX, the rebound is impressive, given that it has passed critical resistance levels. 

While a rally toward $25,000 may be possible, it may depend on traditional risk assets, led by technology companies, which have found their footing again during the last two trading days as worries about a ריסעשאַן have subsided, and the U.S. Federal Reserve has been less hawkish. Speculators are confident that the Fed will only raise interest rates by 25 basis points on February 1.

ביטקאָין פּרייַז אַנאַליסיס

ינטערעסטינגלי, קריפּטאָ טריידינג expert Michael van de Poppe אנגעוויזן on January 24, that BTC faces crucial resistance at $23,100 and could test $22,300 if it the asset continues to make lower highs.

“Bitcoin couldn’t break through a crucial resistance at $23.1K. If we continue to make LHs, we’ll probably test and sweep around $22.3K before continuation. Grants some serious buying opportunities.”

Bitcoin crucial resistance. Source: Michael van de Poppe

Currently, Bitcoin is changing hands at $22,856, up 0.64% in the last 24 hours, and a further 7.58% in the previous seven days. As things stand the BTC total market cap currently sits at $440.4 billion.

אָפּלייקענונג: דער אינהאַלט אויף דעם פּלאַץ זאָל ניט זיין געהאלטן ינוועסמאַנט עצה. ינוועסטינג איז ספּעקולאַטיווע. ווען ינוועסטינג, דיין קאַפּיטאַל איז אין ריזיקירן.

Source: https://finbold.com/bitcoin-revs-up-its-racing-engine-after-massive-breakout-46k-incoming/