CryptoPotato
  • Beginners
  • Guides
  • Trade
  • ICO List
    • ICO List
    • ICO Evaluations
    • Airdrops
  • Crypto News
  • Buy
  • Language
  • Bitcoin For Beginners
  • Investor’s Guides
  • The ICO List
  • ICO Evaluations
  • Airdrops
  • Bitcoin BTC Price Analysis
  • Ethereum ETH Price Analysis
  • Ripple XRP Price Analysis
  • Crypto News
  • Market Updates
  • Interviews
  • Buy Bitcoin with Credit Card
  • bitcoin
    BTC$3,952.22
  • ethereum
    ETH$146.79
  • bitcoin
    BTC$3,952.22-0.14%
  • ethereum
    ETH$146.790.241%
    • #Market Updates
    • #BTC Analysis
    • #ETH Analysis
    • #XRP Analysis
    • #Interviews
    Bitcoin Price Analysis Jan.14: The Move is Here Following BTC Breakdown
    Home » Bitcoin BTC Price Chart Analysis » Bitcoin Price Analysis Jan.14: The Move is Here Following BTC Breakdown

    Bitcoin Price Analysis Jan.14: The Move is Here Following BTC Breakdown

    Author: Yuval Gov Last Updated On Jan 14, 2019 @ 09:01 UTC

    As we stated yesterday, Bitcoin was waiting for the next major move, which came just hours after our analysis was published. We also noted that the chances of a breakdown are much higher than the ones of a breakup.

    The $3600 support level was broken sharply, in less than an hour, as BTC marking exactly $3480 as the daily low. The last is the support level we mentioned yesterday.

    From there, we’ve seen a slow positive correction: Yes – Bulls Walk Up the Stairs-Bears Jump Out the Window.

    Fun fact: Exactly 4 years ago, the bear market of 2014 had ended with this capitulation candle with a low of $152.

    Looking at the 1-day & 4-hour charts

    • Following the breakdown of the $3600 level, the next support area is $3480 – $3500 (which is also the daily low). This is a crucial support zone. Breaking it down could send Bitcoin to re-test prior support at $3300, $3200 and the 2018 low of $3120.
    • From the bull side, Bitcoin is expected to encounter a descending trend-line during the next hours (~$3550). The further target is the $3600 support turned resistance level, along with $3700 resistance (4-hour chart’s 200 days moving average line and 1-day’s 50 days moving average line).
    • Some relief signs: We should watch the daily chart’s Stochastic RSI oscillator which is about to cross over at the oversold area. This could lead to a positive correction for the upcoming days. However, it hadn’t crossed yet.
    • The Daily Chart: The RSI indicator broke down the support level at 43. It seems like this area will be tested again, from below, as resistance.
    • Trading volume: this field proves how easy it is to move this market. The past two days had a low amount of volume. This might also be due to the weekend.
    • BitFinex’s open short positions had a slight gain to 23.5K.

    BTC/USD BitStamp 4-Hour chart

    btc_jan14_4h-min

    BTC/USD BitStamp 1-Day chart

    btc_jan14_d-min

    Click here to start trading on BitMEX exchange and receive 10% discount on fees for 6 months.

    Cryptocurrency charts by TradingView. Technical analysis tools by Coinigy.
    Be the first to know about our price analysis, crypto news and trading tips: Follow us on Telegram or subscribe to our weekly newsletter.


    CryptoPotato Video Channel




    More news for you:

    Ethereum Price Analysis Feb.22: ETH Consolidates Following Breaking Above $150
    By Yaz Sheikh  /  Feb 22, 2019

    Ethereum Price Analysis Feb.22: ETH Consolidates Following Breaking Above $150

    Bitcoin Price Analysis Feb.22: Consolidation Time – Will BTC Be Able To Gain Momentum For a $4K Breakup?
    By Yuval Gov  /  Feb 22, 2019

    Bitcoin Price Analysis Feb.22: Consolidation Time – Will BTC Be Able To Gain Momentum For a $4K Breakup?

    Binance and NEO Accused By Blocknet For Stealing Info Used To Build Binance DEX
    By Toju Ometoruwa  /  Feb 21, 2019

    Binance and NEO Accused By Blocknet For Stealing Info Used To Build Binance DEX

    Fetch.AI: Project Review And Rating Ahead Of Fundraising (Binance Launchpad)
    By Toju Ometoruwa  /  Feb 21, 2019

    Fetch.AI: Project Review And Rating Ahead Of Fundraising (Binance Launchpad)

    Binance Coin (BNB) Price Analysis Feb.21: Time To Rest? Negative Divergence Following 90% Monthly Surge
    By Yaz Sheikh  /  Feb 21, 2019

    Binance Coin (BNB) Price Analysis Feb.21: Time To Rest? Negative Divergence Following 90% Monthly Surge

    Crypto Daily Volume On The Rise: The Highest Daily Volume Recorded Since April 2018
    By Ali Raza  /  Feb 21, 2019

    Crypto Daily Volume On The Rise: The Highest Daily Volume Recorded Since April 2018

    Bitconnect Investigation: FBI Seeks For The Victims
    By Toju Ometoruwa  /  Feb 20, 2019

    Bitconnect Investigation: FBI Seeks For The Victims

    TradingView Introduces a New Crypto Dashboard and Receives Bitcoin as a Payment Method
    By Ali Raza  /  Feb 20, 2019

    TradingView Introduces a New Crypto Dashboard and Receives Bitcoin as a Payment Method

    Ripple (XRP) Price Analysis Feb.20: Following The Sentiment, Ripple Broke Up The Symmetrical Triangle
    By Yaz Sheikh  /  Feb 20, 2019

    Ripple (XRP) Price Analysis Feb.20: Following The Sentiment, Ripple Broke Up The Symmetrical Triangle

    Is Now The Time to Buy Bitcoin? The 2019 Edition
    By Toju Ometoruwa  /  Feb 20, 2019

    Is Now The Time to Buy Bitcoin? The 2019 Edition

    Bitcoin Price Analysis Feb.20: Following Massive Gains, Could BTC Break-up $4000?
    By Yuval Gov  /  Feb 20, 2019

    Bitcoin Price Analysis Feb.20: Following Massive Gains, Could BTC Break-up $4000?

    The Market Turned Dark Green – Have We Seen The Bottom? Crypto Market Update 19-2-19
    By Yoni Berger  /  Feb 19, 2019

    The Market Turned Dark Green – Have We Seen The Bottom? Crypto Market Update 19-2-19

    Bitcoin Is Facing $4,000: Price Analysis Overview Feb.19 – Bitcoin, Ethereum, Ripple, EOS and BNB
    By Yoni Berger  /  Feb 19, 2019

    Bitcoin Is Facing $4,000: Price Analysis Overview Feb.19 – Bitcoin, Ethereum, Ripple, EOS and BNB

    Developer’s Mistake? Someone Just Paid $450K (3,150 ETH) For Ethereum Transaction Fees
    By Mandy Williams  /  Feb 19, 2019

    Developer’s Mistake? Someone Just Paid $450K (3,150 ETH) For Ethereum Transaction Fees

    EOS Surges 25% Following Breakout of MA-100: Is $4 In Sight? Price Analysis Feb.19
    By Yaz Sheikh  /  Feb 19, 2019

    EOS Surges 25% Following Breakout of MA-100: Is $4 In Sight? Price Analysis Feb.19

    $200B SBI Holdings CEO: Bitcoin’s Value Is Zero, Ripple Is The No.1 Cryptocurrency
    By Toju Ometoruwa  /  Feb 19, 2019

    $200B SBI Holdings CEO: Bitcoin’s Value Is Zero, Ripple Is The No.1 Cryptocurrency

    6 Facts You Didn’t Know  About Craig Wright – The Man Who Claimed to be Satoshi Nakamoto
    By Ali Raza  /  Feb 18, 2019

    6 Facts You Didn’t Know About Craig Wright – The Man Who Claimed to be Satoshi Nakamoto

    Ethereum Price Analysis Feb.18: ETH Finds New Monthly Highs Over $140
    By Yaz Sheikh  /  Feb 18, 2019

    Ethereum Price Analysis Feb.18: ETH Finds New Monthly Highs Over $140

    Should Ripple Be Worried Following JP Morgan’s Announcement Of Its New Cryptocurrency?
    By Toju Ometoruwa  /  Feb 18, 2019

    Should Ripple Be Worried Following JP Morgan’s Announcement Of Its New Cryptocurrency?

    Bitcoin Price Analysis Feb.18: BTC Looks Bullish Breaking Up The $3600 (As of now)
    By Yuval Gov  /  Feb 18, 2019

    Bitcoin Price Analysis Feb.18: BTC Looks Bullish Breaking Up The $3600 (As of now)

    About the Author

    Yuval Gov View all posts by Yuval Gov

    Yuval Gov has over 15 years of trading experience in the stock exchange, graduated from TAU - Economics and Management. Breathing and doing Crypto projects since 2013. Does Crossfit to get away from FOMO. Contact Yuval: LinkedIn

    « Previous Post
    Next Post »

    Comments

    Join Our Community

    • Facebook

    • Twitter

    • YouTube

    • Telegram
    Recent Reviews
    bitmex
    9.7
    etoro
    8.8
    plus500 *
    8.5

    Recent Articles
    Is Now The Time to Buy Bitcoin? The 2019 Edition

    Is Now The Time to Buy Bitcoin? The 2019 Edition

    The Bitcoin Chart 2017-2018: The Best Lessons you can learn About Trading Psychology, Discipline and Bubbles

    The Bitcoin Chart 2017-2018: The Best Lessons you can learn About Trading Psychology, Discipline and Bubbles

    Binance Jersey – Beginner’s Guide to To The FIAT-Crypto Exchange

    Binance Jersey – Beginner’s Guide to To The FIAT-Crypto Exchange

    What Is a Death Cross? And What’s The Relation To BTC Breaking Down From The $6K Area In 2018?

    What Is a Death Cross? And What’s The Relation To BTC Breaking Down From The $6K Area In 2018?

    CloudBet
    Become a CryptoPotato VIP

    Receive our market updates and crypto trading tips and news by email (We hate spam, and send max of 1 weekly mail):

    Become a CryptoPotato VIP
    Receive our special crypto tips and news by email: We hate spam, and send max of 1 weekly mail
    About
    About Us | Contact Us

    Advertise on CryptoPotato

    Terms of service | Privacy Policy | GDPR

    Scholarship
    Disclaimer
    Recommendations and Information found on Cryptopotato are those of writers quoted. It does not represent the opinions of Cryptopotato on whether to buy, sell or hold any investments. Investors should be cautious about any recommendations given. All investors are advised to conduct their own independent research into individual coins before making a purchase decision. Use information at your own risk.
    © Copyright Cryptopotato Team 2016
    Scroll to top