Bitcoin (BTC) Price Analysis for January 30
Analysis
Price Impact
MedBitcoin has declined by 3.51%. while sharp moves are unlikely in the very short term (hourly), a further correction is the most likely scenario, with a potential breakout of support at $80,537 leading to a dump to the $78,000-$80,000 zone.
Trustworthiness
MedThe analysis is based on technical indicators and provided by u.today, a known crypto news source. however, it's a single perspective and includes a disclaimer about investment decisions.
Price Direction
BearishThe article explicitly states that 'a further correction is the most likely scenario.' this is supported by low trading volume indicating a lack of buying pressure and the possibility of breaking key support levels, leading to a decline towards $78,000-$80,000.
Time Effect
ShortThe analysis focuses on hourly charts, immediate support levels, and potential moves 'by tomorrow,' indicating a short-term outlook on price action.
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 The top 10 coins are in the red zone at the end of the week, according to CoinStats . Advertisement Top coins by CoinStats BTC/USD The rate of Bitcoin (BTC) has declined by 3.51% since yesterday. Image by TradingView On the hourly chart, the price of BTC is in the middle of the local channel. As most of the daily ATR has passed, there are low chances of seeing sharp moves by tomorrow. Image by TradingView On the longer time frame, traders should focus on the nearest support level at $80,537. You Might Also Like Thu, 01/29/2026 - 15:55 Binance Coin (BNB) Price Analysis for January 29 By Denys Serhiichuk If its breakout occurs, the accumulated energy might be enough for a dump to the $78,000-$80,000 zone. Image by TradingView A similar picture can be seen on the weekly chart. The volume remains low, which means buyers are not ready yet to seize the initiative. All in all, a further correction is the most likely scenario for the first cryptocurrency. Bitcoin is trading at $82,960 at press time. #Bitcoin Price Prediction