{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/bitcoin-btcusd-price-may-rise-above-the-45925-82-high-mark\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/bitcoin-btcusd-price-may-rise-above-the-45925-82-high-mark\/","headline":"Bitcoin (BTCUSD) Price May Rise above the $45925.82 High Mark","name":"Bitcoin (BTCUSD) Price May Rise above the $45925.82 High Mark","description":"Bitcoin (BTCUSD) Price Forecast: January 5The Bitcoin (BTCUSD) price may rise above the mentioned supply level as it is about time to embark on the bullish race. The largest cryptocurrency is trying hard not to fall heavily to the downside. Therefore, if the bulls could trigger their forces in the market, the price may likely […]","datePublished":"2024-01-05","dateModified":"2024-01-05","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/01\/BITCOIN-IMG.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/01\/BITCOIN-IMG.png","height":2000,"width":2000},"url":"https:\/\/forexschoolonline.com\/bitcoin-btcusd-price-may-rise-above-the-45925-82-high-mark\/","about":["Cryptocurrency","Price Action Charts in Focus","Technical Analysis","Trade Idea","Trade Setups"],"wordCount":414,"keywords":["Bitcoin","BTCUSD","Technical Analysis"],"articleBody":"Bitcoin (BTCUSD) Price Forecast: January 5The Bitcoin (BTCUSD) price may rise above the mentioned supply level as it is about time to embark on the bullish race. The largest cryptocurrency is trying hard not to fall heavily to the downside. Therefore, if the bulls could trigger their forces in the market, the price may likely swing up to reach the $47500.00 high level and beyond.Key Levels:Resistance Levels: $41000.00, $42000.00, $43000.00Support Levels: $35000.00, $34000.00, $33000.00BTC (USD) Long-term Trend: Bullish (Daily Chart)Bitcoin market has a bullish posture and the coin price may rise above the $45925.82 high mark as the coin remains bullish in its long-term outlook as can be seen from the chart below. This is due to the inflow from the buy traders. The sustained bullish pressure in the past few days at the $45925.82 supply value has the crypto price remained strong above the supply trend levels in its recent high.On the daily chart, the BTCUSD price is currently facing overhead resistance and trading at the $43307.18 correction level. Furthermore, rising prices provided more evidence for a bullish recovery. As a result, if the bulls increase their market tension, the price trend may rise above the previous high at $45925.82 high mark, resulting in an intraday gain for buy traders. In addition, the daily stochastic indicates an upward trend, this means that the coin price may rise above the $45925.82 previous high level soon with the bullish correction pattern which might further extend the Bitcoin price to reach the $47500.00 resistance mark in its long-term outlook.BTC (USD) Medium-term Trend: Bearish (4H Chart)According to the chart below, the medium-term outlook for the Bitcoin market is in a bearish trend zone. However, the coin buyers have begun their rising pattern and price may rise above the supply trend level soon.The bears\u2019 move to the $42012.35 low value in the past session also contributed to its bearishness in its recent low.As the 4-hour session begins today, the market price of BTCUSD rises to a $43307.18 high level below the moving averages, indicating the return of the bulls to the market and improved bullish market sentiment.Thus, closing the 4-hourly session above the $45707.69 supply level will put the trade more on the buy side.Adding to this, the pair points at around 43% of the daily stochastic range. It indicates that the Bitcoin price may rise above the previous high at $45707.69. This crossover may encourage the breakout rally to quickly reach the $475000.00 supply level sooner in its medium-term outlook.Buy Bitcoin on Longhorn"}