Bitcoin (BTC) Price Analysis for January 17
Analysis
Price Impact
MedShort-term shows a false breakout and expected consolidation. however, there's a significant mid-term potential for a move to $100,000 if key weekly resistance is overcome.
Trustworthiness
MedAnalysis from a recognized crypto news outlet, u.today. while it provides technical analysis, it explicitly states opinions are their own and advises users to conduct their own research.
Price Direction
BullishWhile immediate short-term expectation is consolidation between $95,000-$97,000, the midterm outlook is bullish. a weekly close above $95,938 could propel btc towards the $100,000 zone.
Time Effect
LongConsolidation is expected for the 'next few days' (short-term). the significant price movement towards $100,000 is dependent on the 'weekly bar closure', indicating a mid to longer-term effect.
Original Article:
Article Content:
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Even though Saturday has started bearishly, most of the coins are back in the green zone, according to CoinStats . Advertisement Top coins by CoinStats BTC/USD The price of Bitcoin (BTC) has risen by 0.8% over the last 24 hours. Image by TradingView On the hourly chart, the rate of BTC has made a false breakout of the local resistance at $95,537. You Might Also Like Sat, 01/17/2026 - 14:25 DOGE Price Analysis for January 17 By Denys Serhiichuk However, if bulls can hold the gained initiative and keep the price around that mark, one may see a test of the $95,700-$95,800 range tomorrow. Image by TradingView On the bigger time frame, the situation is less clear. The price of the main crypto is far from the main levels, which means traders are unlikely to witness sharp moves soon. All in all, one can expect consolidation in the narrow range of $95,000-$97,000 over the next few days. Image by TradingView From the midterm point of view, traders should pay attention to the weekly bar closure in terms of the $95,938 level. If the candle closes above that mark, the accumulated energy might be enough for a move to the $100,000 zone. Bitcoin is trading at $95,513 at press time. #Bitcoin Price Prediction