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**Bitcoin (BTC) Price Prediction for January 18**
As we approach the end of January, the cryptocurrency market continues to experience significant fluctuations. In my previous forecast, I mentioned the possibility of a test of the $105,000 level by the end of the month. This prediction was based on an analysis of recent price movements and historical data.
As we can see from the chart below, the accumulation phase has been quite impressive, with Bitcoin (BTC) currently trading at around $103,319. While some might argue that this is not enough to spark a new leg up, I still believe there’s enough energy stored in the market to lead us to a test of resistance by the end of January.
**Chart**
Here are a few key points to consider:
1. **Accumulation phase**: As we can see from the chart, Bitcoin has been accumulating strength over the past few days. With no significant selling pressure and no long wick, it’s not out of the question that we’ll continue to build on this momentum.
2. **No long wick**: This is an important point for me as a trader. The lack of a long wick suggests that there is still plenty of energy in the market, which could be enough to drive us higher.
3. **End-of-month test**: Considering all these factors, I believe it’s possible for Bitcoin to reach the $105,000 mark by the end of January.
In conclusion, while this prediction may not be universally accepted, I truly believe that we have enough evidence to justify a test of resistance in the coming days.
Source: u.today
