Bitcoin: Key Technical Levels You Should Watch in January 2018
Since mid-December 2017, Bitcoin prices have been trading on a downward sloping channel, also known as a descending price channel in technical analysis. As of January 17, 2018, at 3:00 PM EST, Bitcoin was trading at $10,460, which is near the lower boundary of the descending price channel. On the four-hour chart, Bitcoin pierced this lower boundary but bounced back later.