Bitcoin Price Analysis January 10 2019

Bitcoin price is making a big move today, unfortunately it is to the downside and it is taking once again the whole cryptocurrency market with him. People used to say "when lambo?", these days I tend to ask "when decoupling?".

The drop happened in two phases. During the first phase the bitcoin price dropped to $3750 then it paused for a while around $3800 before dropping again to the $3550 support zone. This zone is a very important support. If broken, we could see price quickly going back to $3200 and then making further lower lows.

This is my bitcoin technical price analysis for today and it is not financial advise.

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