Bitcoin Price Analysis Today January 11 2019

Yesterday the bitcoin price broke the Donchian Channel to the downside

and it reached a low of $3553. The abrupt move put an alt to what was beginning to look like a bullish momentum.

Bitcoin Price Analysis Today January 11 2019

Bitcoin price is trading in the lower half of the channel, below the midline.

So the bears are still in control and another push down to $3200 is possible.

It will take an absolutely furious bull to bring the bitcoin price back up to $4100...

Which is where I would consider adding more longs.

I hope you are enjoying my bitcoin price analysis of the day.

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