PRESS RELEASE: Bitcoin (BTC) Price Analysis – January 12. A Sign of Potential Fall

PRESS RELEASE: Tokenized Securities: Curb Your Enthusiasm
January 13, 2019
Crypto Daily Roundup – Jan 13, 2019
January 13, 2019


Some sentiments around Bitcoin recently seem to hold price low. The Thursday’s drop caught traders unaware as a market loss about $550 from this week open at $4200.

Key Levels:

Resistance levels: $4300, $5600, $6500

Support levels: $3200, $2800, $2500,

Daily Overview on BTC-USD Market

BTC/USD 1 Day Chart, Bitfinex.

Currently, on the daily, trading activity and volatility are very low as candles form choppy. This squeeze reveals on the RSI; waiting for the next move. It could be either a pump or dump. But as it appears, the blood has not finished: see MACD about to cross to negative zone. A sign of potential fall. The 2018 low at $3200 support might be tested soon.

An incline move would hit $4200 resistance level, at the trendline. Breaking the $4200 would take price straight to $5600 high, where the 200 days moving average line (purple) slopes.

Monthly Overview of BTC-USD Market

BTC/USD 1 Month Chart, Bitfinex

In 2017, Bitcoin had a spectacular momentum: a mind-blowing experience. The currency performance geared investors and traders. But the reverse is the case in 2018 as price unexpectedly fall to $3200 area.

From $19900 ATH in mid-December 2017, Price began to drop slowly. Closing at $10200 in February 2018 with about 95 percent loss; the weekly MACD brilliantly signals the sharp low move, forming dark green columns before the red ones. The red columns are still very dominant. Once it forms light red, a bullish trend is signaled.

But looking at the RSI: the February 2018 sharp low reflected at the overbought zone before driving down to reach the oversold line.

amzn_assoc_placement = “adunit0”;

amzn_assoc_search_bar = “true”;

amzn_assoc_tracking_id = “cryptovibes-20”;

amzn_assoc_search_bar_position = “bottom”;

amzn_assoc_ad_mode = “search”;

amzn_assoc_ad_type = “smart”;

amzn_assoc_marketplace = “amazon”;

amzn_assoc_region = “US”;

amzn_assoc_title = “Shop Related Products”;

amzn_assoc_default_search_phrase = “Technical Analysis”;

amzn_assoc_default_category = “All”;

amzn_assoc_linkid = “a4e07903b072bcd8b43ad0f6d0f29e59”;

Please note: is not a financial advisor. Do your own research before investing in any financial asset. We are not responsible for your investing results.

Follow us on Facebook , Twitter and Telegram

Like what you’re reading? Subscribe to our top stories

The post Bitcoin (BTC) Price Analysis – January 12. A Sign of Potential Fall appeared first on – Daily Cryptocurrency News .

This is a syndicated post from

Comments are closed.

Skip to toolbar