Bitcoin Price Technical Analysis for 01/09/2018 – Break and Retest

Bitcoin Price Key HighlightsBitcoin price recently broke below a short-term ascending trend line, indicating that a selloff is underway.
Price popped up from the $14,000 support zone to make a retest of the broken trend line support.
Applying the Fib tool on the breakout move shows the nearby resistance levels on this pullback.Bitcoin price broke below a rising trend line to signal a reversal, which might gain traction after this pullback is completed.
Technical Indicators Signals
The 100 SMA is