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Bitcoin Price Prediction for January 9
The recent performance of the cryptocurrency market has been quite volatile, with many assets experiencing a significant downturn in value. This includes Bitcoin, which has dropped from its all-time high of $68,000 to around $88,000 at press time.
It is crucial to note that this decline may not necessarily be over yet. In fact, the accumulated energy might be enough for a decline to the $88,000 range.
From the midterm perspective, the picture is also bearish. If buyers lose the critical $90,000 area, the next zone where a bounce back is possible would be around $82,000.
At the time of writing, Bitcoin is trading at $92,782.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
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About the author: Denys Serhiichuk
Source: u.today
