Bitcoin (BTCUSD) Price Forecast: January 25
The Bitcoin (BTCUSD) price could see another uphill trend soon. The coin price may likely reverse in a bullish direction to retest the $47732.50 supply level soon which may prepare the coin for another probable upward surge. Cryptocurrency is making a lot of effort to avoid sharp declines. As a result, the price may reverse and turn positive to hit the $5000.00 high level and beyond if the bulls can muster their forces in the market.
Key Levels:
Resistance Levels: $43000.00, $44000.00, $45000.00
Support Levels: $35000.00, $34000.00, $33000.00
BTC (USD) Long-term Trend: Bearish (Daily Chart)
The BTCUSD pair is showing a bearish display in its long-term perspective. The price bars can be seen below the moving averages. 
Meanwhile, the bulls are warming up to retest the previous high point as soon as the market is oversold. To this effect, there is about to be a turnaround for the coin-buy traders.
The sustained pressure from the bears at the $39372.44 support level during yesterday’s session has contributed to its bearishness in its recent low.
Nonetheless, the Bitcoin market which dropped to a $38600.90 low level, which is below the moving averages is a result of low bullish momentum.
An increase in the buying pressure might lead the price of BTCUSD to retest the previous high of $47732.50 high mark, obtaining a higher footing to rise higher.
Adding to this, the pair is pointing upwards at around the 3% range of the daily stochastic. It indicates that the Bitcoin price is now in the oversold region of the market.
It implies that the selling pressure has ended. We will now be looking into the emergence of buyers in the oversold region of the market and this case, the price might push higher to retest the $47732.50 supply mark and beyond in the days ahead in its long-term outlook.
BTC (USD) Medium-term Trend: Bearish (4H Chart)
The currency pair is trading below the moving averages, an indication of a bearish market sentiment in its lower time frame. Thus, the BTCUSD aims to retest the $47732.50 supply level while making a new correction to resume its bullishness soon.
A rise to a $39042.28 high level by the bulls shortly after the 4-hour session opens today, affirms the returns of the long traders into the market.
Thus, the price of Bitcoin is set to retest the previous high point of $47732.50 and advance further if the bulls can redouble their efforts and push above the current supply level.
Similar to how the daily stochastic is pointing upward in the oversold area of the daily signal; the BTCUSD price is likely to continue moving north. This indicates that there is no longer any selling pressure, and we can anticipate the forthcoming bullish correction phase to quickly retest the $47732.50 high value soon in its medium-term time frame.
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