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Bitcoin Daily Price Analysis (9th January, 2019)

Analysis

As expected, Bitcoin is under bullish pressure, but it’s slow in the last couple of days which clearly indicates that we are trading in a correction of wave B/2. The only question is whether it’s a correction still in progress, where wave “c” is still missing or it’s already finished. We will find out in the next few sessions if BTC remains impulsively bullish towards the 4400 region, then we may consider a completed wave B/2, but in case, if Cryptos face a decline, then we may see a deeper and longer corrective movement before a continuation higher. The point is that sooner or later BTC could be headed higher as long as it’s trading above 3120 invalidation area.

 

Bitcoin Daily Prive Analysis (9th January, 2019)

 

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