BTC price is expected to rise by 8.81% in the next 5 days according to our Bitcoin price prediction
Bitcoin BTC, 3.28% is trading at $ 102,652 after losing -4.98% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -1.95% in the same time period. Bitcoin technical analysis for today - Jan 21, 2025
The sentiment in the Bitcoin markets is currently Bullish, and the Fear & Greed index is reading Extreme Greed. The most important support levels to watch are $ 98,146, $ 94,367 and $ 88,900, while $ 107,392, $ 112,859 and $ 116,638 are the key resistance levels.
Bullish sentiment for Bitcoin
27 indicators are currently signaling a bullish prediction for Bitcoin, while 1 indicators are showing a bearish forecast. With 96% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Bitcoin.
Crypto market is currently experiencing Extreme Greed
Currently, the Fear & Greed index is at 76 (Extreme Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.$BTC