Bitcoin Price Analysis January 09 2019

Bitcoin price is still trading above the $4000 mark even if it just by a few dollars.

Looking at the 1H bitcoin chart, we can see that there has been 2 well formed pin bars each time the bitcoin price attempted to go below $3950. This reinforce my view on the fact that $3900 is currently a solid support zone.

Since the breakout, the bitcoin price has been moving slowly, the overall chart is pretty flat.

But there are good things too. Indeed, Levels of support and resistance are being respected which bitcoin trading easier.

This is my bitcoin price analysis today and it should not be seen as financial advise.

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I am always happy to guide new bitcoin traders.

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