Bitcoin Analysis December 15, 2017

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

BTC/USD

Bitcoin is relatively flat yet again during the trading session on Thursday, as we are using $16,000 as support. I think that eventually we will get a little bit of a pullback, but that should be a “buy on the dip” type of opportunity. Adding slowly is probably the best advice I can give, as we are clearly starting to lose momentum after the futures market opened.

BTC/JPY

Bitcoin is also flat against the Japanese yen, failing to break above the ¥2 million level. A break above there should send buyers back into this market, but right now it looks as if volume is shrinking. That’s interesting, considering that the excitement around the idea of a futures market seems to have been mis-founded. Patience will be needed.

Thanks for watching, I’ll see you tomorrow.