Bitcoin Price Analysis January 06 2019
Bitcoin price is making a very clean break out to the up side. I had the pleasure to watch the price going through the $3900 resistance as if it was melted butter.
My $4000 entry price has been triggered and the trade is now live and trading in the green. The lower band of the Donchian channel is at $3732. Yesterday night, I though the price was really going to test that support but the downside journey stopped at $3756, forming a nice bullish reversal pin.
The bullish bias has now been confirm with the breakout of the Donchian channel.
Still a long way to go to Bitcoin Price $20,000. It is only January.
This is today's bitcoin price analysis, it is only the expression of my personal opinion and it should not be seen as financial advise.
To learn more about bitcoin trading, join the social trading platform and add me to your watchlist now.
I am always happy to guide new bitcoin traders.