Bitcoin (BTCUSD) Price Forecast: January 7
Today, the Bitcoin price is rising again, reaching another high of $99,888, generating significant interest across major trading platforms. The crypto has the potential for a bullish continuation pattern to reach its suggested $100k as the coin is in an ascending channel, making higher highs towards the upper resistance level. If the trader’s interest in the crypto increases, the coin price may surge to reach its target of $100k, strengthening buyers’ confidence in altcoins and driving expectations for future gains.
Key Levels:
Resistance Levels: $97,000, $98,000 $99,000
Support Levels: $74,000 $73,000, $72,000
BTC (USD) Long-term Trend: Bullish (Daily Chart)
BTCUSD is rising again, indicating an upward trend as it reaches an all-time high of $99,888 level, while the coin price experiences a notable price surge in its long-term perspective. The coin is trading at its peak value above the EMA-50, implying a high bullish trend. However, the market is presently facing overhead resistance at the recent high. 
At press time today, the Bitcoin price reached an all-time high of $99,888 above the EMA-50 as the daily chart opened today amid market trends, signaling growing buying interest.
Therefore, if the bulls could increase their tension in the market, the price of Bitcoin will surge and surpass its target of $100k, indicating growing confidence in the cryptocurrency across different investor categories.
Meanwhile, further upsides are likely as the price signal points upward, suggesting the potential is rising again and may reach an all-time target of $100k in the long-term outlook.
BTC (USD) Medium-term Trend: Bullish (4H Chart)
The BTCUSD price is rising again. A sharp rise is notable in the coin price as it reaches an all-time high of $99,888, drawing the attention of investors and analysts to the crypto short-term outlook. The coin price remains in a bullish trend, suggesting the high impact and interest of the coin investors.
The bulls are trying not to fall this time around as the BTCUSD bullish continuation pattern reached an all-time high of $99,888 above the supply levels shortly after the commencement of the 4-hour chart today.
The market price of BTCUSD at a $99,888 high level above the moving averages, suggests the crypto is rising again and remains in an uptrend in the context of the strength of the market. Thus, closing the 4-hourly session above the $99,888 supply value will put the trade more on the buying side, driving future price movement in the crypto market.
Hence, the Bitcoin pair pointing up on the daily stochastic suggests that the price is rising and this may continue and suggests a possible recovery of the all-time target of $100k soon in the medium-term view.
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