[2019-01-12] Bitcoin Price Analysis for 01/12: Retesting $8,000 Seems Likely

[jdebunt]

The daily bitcoin price chart paints a different picture. It shows a slightly declining MA200. Additionally, it shows a bullish crossover between the MA20 and MA50, albeit just barely. Overall, it seems as if this sideways to minor bearish pressure should materialize as the day progresses.

https://fintoism.com/markets/bitcoin/bitcoin-price-analysis-for-01-12-retesting-8000-seems-very-likely/

[darkangel11]

This is obvious that if we are at 8.1k or 8.2k we may drop down to 8k. With Bitcoin a TA that is predicting a move up or down by 100 or 200 USD is no TA. Such moves happen daily. We were at 7999 just yesterday, why should anyone care that we could be there again today? Moves smaller than 1% don't count, it's not forex!

[Baofeng]

Well it's good if we see the price trading sideways @$8000. But it seems that this level doesn't look like to hold in the coming weeks as we might see some minor pull back here. There's a lot of pressures as well to the bulls, so it will be very interesting what the price or how the price will move this week. But I wouldn't be surprised if it goes $7500 again.