COINOTAG recommends • Exchange signup |
💹 Trade with pro tools |
Fast execution, robust charts, clean risk controls. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🚀 Smooth orders, clear control |
Advanced order types and market depth in one view. |
👉 Create account → |
COINOTAG recommends • Exchange signup |
📈 Clarity in volatile markets |
Plan entries & exits, manage positions with discipline. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
⚡ Speed, depth, reliability |
Execute confidently when timing matters. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🧭 A focused workflow for traders |
Alerts, watchlists, and a repeatable process. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
✅ Data‑driven decisions |
Focus on process—not noise. |
👉 Sign up → |
- While the price of Bitcoin (BTC) has been hovering around $42,500 for a while, investors are eagerly anticipating the launch of the first spot Bitcoin ETF in the United States.
- A renowned investor and crypto analyst shares insights into the recent monthly closing of Bitcoin and emphasizes key support levels and historical patterns.
- As the market continues, traders and investors closely monitor these critical support levels and historical patterns for potential insights into possible Bitcoin price movements.
Struggling to hold above $42,000, the famous analyst suggests that Bitcoin could test $37,000 in January.
Bitcoin Price Could Visit $37,000

While the price of Bitcoin (BTC) has been hovering around $42,500 for a while, investors are eagerly anticipating the launch of the first spot Bitcoin ETF in the United States. A report from last week suggests that approval from the SEC is expected to come within this week.
After a robust 160% increase last year in 2023, analysts believe that BTC may experience a pullback shortly after the arrival of the Bitcoin ETF. BTC might enter a horizontal consolidation until the planned Bitcoin halving around April 2024.
COINOTAG recommends • Professional traders group |
💎 Join a professional trading community |
Work with senior traders, research‑backed setups, and risk‑first frameworks. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
📊 Transparent performance, real process |
Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
👉 Get access → |
COINOTAG recommends • Professional traders group |
🧭 Research → Plan → Execute |
Daily levels, watchlists, and post‑trade reviews to build consistency. |
👉 Join now → |
COINOTAG recommends • Professional traders group |
🛡️ Risk comes first |
Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
👉 Start today → |
COINOTAG recommends • Professional traders group |
🧠 Learn the “why” behind each trade |
Live breakdowns, playbooks, and framework‑first education. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
🚀 Insider • APEX • INNER CIRCLE |
Choose the depth you need—tools, coaching, and member rooms. |
👉 Explore tiers → |
The renowned investor and crypto analyst share insights into the recent monthly closing of Bitcoin and emphasize key support levels and historical patterns. In the analyst’s latest update, attention is drawn to the fact that Bitcoin often hovers around the $41,000 support level, exhibiting volatile pullbacks. During these pullbacks, downward wicks extend to approximately the $37,000 region, indicating a pattern in price movement.
Based on historical data, the analyst suggests that a potential drop to the $37,000 level could be considered a healthy retracement. The analyst highlights that Bitcoin has experienced similar price movements in the past, and these patterns typically contribute to the overall market health of the cryptocurrency.
COINOTAG recommends • Exchange signup |
📈 Clear interface, precise orders |
Sharp entries & exits with actionable alerts. |
👉 Create free account → |
COINOTAG recommends • Exchange signup |
🧠 Smarter tools. Better decisions. |
Depth analytics and risk features in one view. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
🎯 Take control of entries & exits |
Set alerts, define stops, execute consistently. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🛠️ From idea to execution |
Turn setups into plans with practical order types. |
👉 Join now → |
COINOTAG recommends • Exchange signup |
📋 Trade your plan |
Watchlists and routing that support focus. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
📊 Precision without the noise |
Data‑first workflows for active traders. |
👉 Sign up → |
Additionally, with just a little over 100 days remaining until the Bitcoin Halving, the analyst emphasizes that deeper pullbacks during the pre-halving period could present ultimate opportunities for investors. As the market continues, traders and investors closely monitor these critical support levels and historical patterns for potential insights into possible Bitcoin price movements.
Limited Upside Potential for BTC, Bears’ Dominance Strengthens
Bitcoin option data for January 12 shows recent weakness. Furthermore, analysts believe that even if the BTC price rallies with ETF approval, there is limited upside potential from this point forward. The current state of the Bitcoin market is marked by lower highs and lower lows, indicating bearish dominance, according to a recent analysis. Particularly, the previous peak above $44,800 has not been subjected to a retest yet, further supporting the bearish trend.
COINOTAG recommends • Traders club |
⚡ Futures with discipline |
Defined R:R, pre‑set invalidation, execution checklists. |
👉 Join the club → |
COINOTAG recommends • Traders club |
🎯 Spot strategies that compound |
Momentum & accumulation frameworks managed with clear risk. |
👉 Get access → |
COINOTAG recommends • Traders club |
🏛️ APEX tier for serious traders |
Deep dives, analyst Q&A, and accountability sprints. |
👉 Explore APEX → |
COINOTAG recommends • Traders club |
📈 Real‑time market structure |
Key levels, liquidity zones, and actionable context. |
👉 Join now → |
COINOTAG recommends • Traders club |
🔔 Smart alerts, not noise |
Context‑rich notifications tied to plans and risk—never hype. |
👉 Get access → |
COINOTAG recommends • Traders club |
🤝 Peer review & coaching |
Hands‑on feedback that sharpens execution and risk control. |
👉 Join the club → |
Examining the chart, it is evident that Bitcoin’s price recently fell below the daily EMA-20 at $42,542, which had not been breached since reaching multi-month highs in the past few months. The increase in bearish volume, reaching two-day highs not seen since April, suggests the likelihood of an upcoming correction.
COINOTAG recommends • Members‑only research |
📌 Curated setups, clearly explained |
Entry, invalidation, targets, and R:R defined before execution. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧠 Data‑led decision making |
Technical + flow + context synthesized into actionable plans. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
🧱 Consistency over hype |
Repeatable rules, realistic expectations, and a calmer mindset. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🕒 Patience is an edge |
Wait for confirmation and manage risk with checklists. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
💼 Professional mentorship |
Guidance from seasoned traders and structured feedback loops. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧮 Track • Review • Improve |
Documented PnL tracking and post‑mortems to accelerate learning. |
👉 Join now → |