Bitcoin (BTCUSD) Price Forecast: January 12
BTCUSD is at the moment making positive moves and also looks good for long at the $46465.79 price level. The coin’s price is expected to continue its bullish run, and if the bulls can break through the $47353.04 peak value, the price may rise much further. In that case, we should anticipate strong upward momentum up to the upper resistance level of $48000.00 and beyond.
Key Levels:
Resistance Levels: $44000.00, $45000.00, $46000.00
Support Levels: $35000.00, $34000.00, $33000.00
BTC (USD) Long-term Trend: Bullish (Daily Chart)
Bitcoin is in a positive movement today. The price is strongly trading in a bullish trend and looks good for a long in its higher time frame. This looks nice for the long traders and signifies a buy signal. 
The pressure from the bulls with a long bullish candle to the $47353.04 supply value on the 8th of January has sustained the price of Bitcoin above the supply trend levels in its recent high.
The coin buyers responded to the market after the disruption from the sell traders at the $45016.36 support level during yesterday’s session, the bulls broke out to a high at the $46465.79 resistance mark above the moving average lines as the daily session began today; this looks good for long and also indicates more forces from the buy traders and bullish commitment.
Given the outlook, a bullish breakout confirmation reflecting the increased market sentiment will occur if the bulls move higher and close above the $47353.04 high barrier.
Additionally, the coin market will continue to look good for a long as indicated by the momentum indicators signaling an uptrend. In this scenario, buyers are anticipated to follow the trend, and from a long-term viewpoint, the price of BTCUSD may soon approach the upper resistance level of $48000.00.
BTC (USD) Medium-term Trend: Bullish (4H Chart)
BTCUSD indicates an upward trend with a bullish sentiment and also looks good for a long in medium-term perspective. The coin is trading above the level of $45633.98 and presently facing resistance at the recent high. 
The coin price rises significantly above the resistance trend lines at the $46519.45 level as the 4-hourly chart begins today. This is due to a high bullish impact on the market price.
Hence, Bitcoin is showing more upside possibility as indicated by the daily stochastic which is pointing in an upward direction.
We can certainly expect more gains and strength from the coin as the crypto looks good for a long while the bulls continue to dictate the market conditions. The pair may likely reach the $48000.00 resistance level in the days ahead in its medium-term perspective.
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