news 
Bitcoin (BTC) Price Prediction for January 9: A Bearish Outlook
The cryptocurrency market has been experiencing a series of ups and downs in recent times, with many analysts trying to predict the future movement. One such prediction is that the price of Bitcoin could decline further, potentially reaching the $88,000 range.
In a recent update on TradingView, Denys Serhiichuk, an experienced trader with over five years of trading experience, shared his bearish view on the current situation in the market. According to him, the accumulated energy might not be enough for a significant bounce back from the current levels.
Image by TradingView
From the midterm perspective, the picture also appears to be unfavorable for buyers. If Bitcoin fails to hold onto the critical $90,000 area, it may only find support around the $82,000 zone in the future. At the time of writing, Bitcoin was trading at around $92,782.
It is important to note that the opinions expressed here are not investment advice and should be taken as informational purposes only. Trading cryptocurrencies involves risk, so it’s essential to perform your own research before making any decisions.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today.
Source: u.today
