Bitcoin (BTCUSD) Price Forecast: January 26
The BTCUSD price is set for the next upward rally after a long dip by the bears. The bulls are currently finding their way to the resistance levels and above to dominate the market. If buyers can add more aggression to their buying forces and manage to break up the pattern’s resistance trend line at the $47732.50 high value, a possible relief rally may drive the coin market price to the $50000.00 resistance mark and beyond, which indeed will be a turnaround for the coin holders.
Key Levels:
Resistance Levels: $43000.00, $44000.00, $45000.00
Support Levels: $39000.00, $38000.00, $37000.00
BTC (USD) Long-term Trend: Bearish (Daily Chart)
The Bitcoin price is set for another upward rally after completing the lows in the higher time frame. The largest cryptocurrency which is below the supply levels is now making its way up to the resistance zone to signal a pump-up.
The high order flow from the bears to $39372.44 in the past few days also added to this bearishness. However, the bulls are now set for the next upward rally.
Today, the buy traders set for the next upward rally by correcting the $39878.28 supply value which further increases to the $40527.26 supply mark below the moving averages to resume its uptrend. This indicates an established bull trend.
Such lower price rejection indicates that buyers are defending this level and set for the next upward rally while attempting to push the price higher. Hence, a strong push above the $47732.50 supply level will offer strong resistance to the crypto price.
The market price of BTCUSD is pointing up on the daily stochastic and also showcasing the best crypto signal; this means that the momentum in the coin price will likely remain and continue in an upward move. We can now expect the next jump by the bulls to reach a $50000.00 upper resistance level in the days ahead as the coin price sets for the next upward rally in its higher time frame.
BTC (USD) Medium-term Trend: Bearish (4H Chart)
BTCUSD is also set for the next upward rally. The coin price trades in a bearish trend market in the medium-term outlook. This is due to the high impact of short-term traders on the price flow. 
Sellers acted bravely during yesterday’s session by dumping the price of Bitcoin to a $38880.69 low value. This made the crypto price reduce in price a bit in its recent price level.
After a series of low-dip moves, the bulls’ successes fully resumed the next upward rally and pushed the price of BTCUSD to a high at the $40527.26 trend line below the moving averages shortly after the 4-hour chart opens today. Moreover, these new moves will strengthen the price recovery.
Adding to that, further downsides are unlikely as the market price of Bitcoin suggests an uptrend on the daily signal. Therefore, we can now grow in confidence that a potential buy is coming near and the next upward rally may reach the $50000.00 price level in the coming days in its medium-term outlook.
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