{"id":21951,"date":"2023-01-30T07:38:20","date_gmt":"2023-01-30T07:38:20","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=21951"},"modified":"2023-02-01T08:00:39","modified_gmt":"2023-02-01T08:00:39","slug":"bitcoin-technical-analysis-report-30th-january-2023","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/bitcoin-technical-analysis-report-30th-january-2023","title":{"rendered":"Bitcoin Technical Analysis Report | 30th-January-2023<\/strong>"},"content":{"rendered":"\n

Bitcoin bulls aim to push the BTC price to $24,000 and in doing so LTC, AVAX, APT and FTM could extend monthly gains. So far, it’s up nearly 40% in January, which is its best start to a year since 2013. The strong move higher has turned multiple on-chain signals bullish, according to On-Chain data. The next fall will also confirm whether Bitcoin has formed a bottom or not. If the low is confirmed, several altcoins may start to outperform Bitcoin in the near term. The global volume is up by almost 46% in the last 24 hours, while BTC dominance is at 42.49%.<\/p>\n\n\n\n

At the time of writing BTC<\/a> was trading at $23,706.<\/p>\n\n\n

\n
\"Bitcoin
Bitcoin (BTC) Chart<\/figcaption><\/figure><\/div>\n\n\n

BTC after giving a breakout above the range started trading upwards by forming a \u2018Higher High Higher Low\u2019 pattern. The prices made a weekly high of $23,960 yesterday. The bulls will face a hurdle at around $25,200 (Previous Top on 15th August 2022) and $28,500 (Horizontal trendline). Once the prices break and sustain above these resistances then we can expect another rally up to $32k. If it resists at these levels then we can expect some profit booking. RSI above 80 on a daily time frame indicates that the asset is in the overbought zone.<\/p>\n\n\n\n

Key Levels<\/h2>\n\n\n\n
Support 2<\/strong><\/td>Support 1<\/strong><\/td>Asset<\/strong><\/td>Resistance 1<\/strong><\/td>Resistance 2.<\/strong><\/td><\/tr>
$17,500<\/td>$21,500<\/td>BTC<\/strong><\/td>$25,250<\/td>$28,500<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"

Bitcoin bulls aim to push the BTC price to $24,000 and in doing so LTC, AVAX, APT and FTM could extend monthly gains. So far, it’s up nearly 40% in January, which is its best start to a year since 2013. The strong move higher has turned multiple on-chain signals bullish, according to On-Chain data. […]<\/p>\n","protected":false},"author":1,"featured_media":21953,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[26],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/21951"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=21951"}],"version-history":[{"count":0,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/21951\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/21953"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=21951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=21951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=21951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}