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

#bitcoinpriceanalysistoday #bitcoinpriceanalysis #bitcoinprice

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