FX.co ★ BITCOIN Analysis for January 14, 2019

Bitcoin has been non-volatile and consistent with the bearish pressure since it broke below $4,000 area. The price has been quite corrective and volatile recently, following a preiod of the bearish pressure which was recently engulfed by certain strong bullish momentum, breaking above $3,600 area. The price is currently residing at the edge of 200 EMA dynamic level from where a retracement towards $3,600 is expected as a pullback before the price climbs higher towards $4,000 area in the future. As the price remains above $3,000 area with a daily close, the bullish bias is expected to continue.

SUPPORT: 3,000, 3,500, 3,600

RESISTANCE: 4,000, 4,250, 4,500

BIAS: BEARISH

MOMENTUM: VOLATILE