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.

bitcoin price breakout

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.

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