Bitcoin Price Analysis Today January 1st 2019
Bitcoin price is currently $3690.
I am expecting it to trade sideways for a while then go much higher in the coming months.
That's my personal medium/long term view and nothing on this site is financial advise.
From a pure technical stand, a no non-sense bitcoin price analysis today shows that the price has been in a short downtrend for the past 24hrs.
Indeed, the bitcoin price is trading below the Donchian Channel midline ( bearish side of the channel ). The current main support zone is around $3550. This is where I would consider shorting BTC ( only on trading platform that allow tight and guaranteed stop losses ).
As stated my main outlook for the bitcoin price is very bullish.
Therefore I currently have 2 buying orders on the eToro CopyTrading platform.
My first bitcoin buy order is target1 at $4000.
My second bitcoin buy order is target2 at $4270.
The current hard stop loss for both trades is $3500 ( stop losses can be changed as the trades progress in my favor ).
Price Is Always Right.
Happy, Joyful And Prosperous 2019