Bitcoin price and news - Charts and price prediction

Bitcoin’s price is still trading below an obvious downtrend line. The decline movement started from 10-11th of Nov.2021, where we witnessed an all time high price - a price of approx. $69030.

From middle of Nov.2021, Bitcoin’s price keeps falling with a small recovery during the last week of Jan.2022, just a while before reaching a lower price of $32909.

The next week will be critical for Bitcoin’s price, since we will see if the price will manage to hold and break above this downtrend line. Until now, it managed to touch this trend-line 2 times, but not overpass it. Currently, we are on the 3rd attempt. If the rebound will not hold, then the trend-line will still keep pushing the price further down.

Currently, Bitcoin’s price is trading around $38553, while the next significant resistance level is around $40000. In case the downtrend continues, and the rebound will not hold, the next important and psychological price level is at $30000.