Bitcoin (BTC) Price Analysis for January 24
Analysis
Price Impact
LowBitcoin has seen a minor 0.5% rise, but trading volume remains low, indicating no strong immediate directional bias. sideways trading is the more likely scenario for the short term.
Trustworthiness
MedAnalysis is based on technical indicators (support/resistance, volume) from tradingview. while it provides a reasoned opinion, it is not a direct news event or definitive market prediction.
Price Direction
NeutralBtc is expected to trade sideways in the $88,500-$90,500 range in the short term due to low volume. midterm analysis suggests a potential downtrend if the drop from $94,652 continues, possibly testing support next week.
Time Effect
ShortSideways trading is anticipated for the immediate short term. a potential bearish move and test of support could materialize over the next week (midterm).
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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 The rates of most of the coins are rising at the beginning of the weekend, according to CoinStats . Advertisement Top coins by CoinStats BTC/USD The price of Bitcoin (BTC) has risen by 0.5% since yesterday. Image by TradingView On the hourly chart, the rate of BTC is closer to the support than to the resistance, which means bears are more powerful than bulls to a certain extent. Image by TradingView On the bigger time frame, the price of the main crypto is far from the key support and resistance levels. The volume remains low, which means neither side is ready for a sharp move. You Might Also Like Fri, 01/23/2026 - 16:21 Bitcoin (BTC) Price Analysis for January 23 By Denys Serhiichuk All in all, sideways trading in the range of $88,500-$90,500 is the more likely scenario. Image by TradingView From the midterm point of view, the rate of BTC is going down after a failed attempt to fix above the $94,652 level. If the drop continues, one can expect a test of the support next week. Bitcoin is trading at $89,207 at press time. #Bitcoin Price Prediction