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**Bitcoin (BTC) Price Prediction for January 16**
As we approach the weekly bar’s closure in terms of the vital mark of $100,000, it is essential to assess the current market conditions. If the price reaches or surpasses this milestone, it could indicate a sufficient accumulation of energy that would be enough for a move towards the resistance level of $105,374.
At press time, Bitcoin (BTC) is trading at $99,249. It’s crucial to keep in mind that the opinions expressed here are not investment advice; they are provided for informational purposes only.
In this context, it appears likely that we might see some upward momentum as long as the bears fail to take control and push prices lower. The market sentiment has been predominantly bullish over the past few days, which could potentially fuel further growth.
However, it is essential to acknowledge the risks involved in investing in cryptocurrencies. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies.
It’s also important to note that the opinions expressed by our writers are their own and do not represent the views of U.Today.
Source: u.today
