BTC Price Prediction: Today’s Bitcoin Price, 28th Jan 2023

Bitcoin has risen 10% in the last seven days, fueling anticipation that a new bull market has begun. Although it can be challenging to estimate the price of Bitcoin, there are a number of things to think about in terms of its potential.

Bitcoin may soon experience another bull run because to greater global usage and a dedication to innovation.

Today’s Bitcoin Price

Bitcoin Price Prediction

Bitcoin is currently worth $23,072 and has a $23 billion 24-hour trading volume. The BTC/USD pair is trading in a range between $22,340 and $23,400, above the support line at roughly $22,325 and closing Doji and spinning top candles.

The $23,250 barrier is a considerable obstacle for Bitcoin, but if it can pass it, its value might rise to $23,900 or even higher to $25,150.

A negative breakdown of the $22,325 level on the fall might expose BTC/USD to the downside and trigger a bearish market shift. A trend like this might cause Bitcoin to fall to $21,500 and possibly even as low as $20,450.

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