Bitcoin - Technical Analysis: Monday, 20/01/2020 08:21 GMT

The bullish correction that started from 6425.00 areas stopped at 38.2% Fibonacci correction level, and the price begins to decline again.

Surpassing the exponential moving average 50 and 100 supports the chances of continuing the main bearish trend, while surpassing 9275.50 will push the price to achieve additional gains on the medium term basis.