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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin Analysis December 19, 2017

newsbtc
newsbtc
1 year ago
1 min read

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BTC/USD

Bitcoin rallied initially during the trading session on Monday, but ran into a bit of trouble at the $19,000 level. Over the weekend, we trying to break above the $20,000 level, but failed a bit. Ultimately, it looks as if the market is trying to build up the confidence to break above the $20,000 level, which of course will have a certain amount of psychological resistance. Ultimately, I suspect that we are going to break above there. In the meantime, $18,000 looks to be rather supportive, followed by $17,000 underneath.

 

BTC/JPY

Bitcoin has been very active against the Japanese yen, dropping towards the ¥2 million level, before bouncing significantly. It looks as if we are going to roll over a bit though, and as a result I think this continues to be a “buy on the dips” type of situation. I believe that eventually, we break out to fresh highs.

Thanks for watching, I’ll be back tomorrow.

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Comments 2

  1. Vinodkumar Vasa says:
    8 years ago

    Is it good option to buy iota

    Reply
    • sumbits says:
      8 years ago

      Only if you time your sell right :>
      I bought some and even though it went up… BTC went up more so I am left with sliiightly less btc equivalent until iota rallies some more.
      I’m slowly learning that just holding btc is the best way to go and then you can buy all these other coins later if they are still around in a few years.

      Reply

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Comments 2

  1. Vinodkumar Vasa says:
    8 years ago

    Is it good option to buy iota

    Reply
    • sumbits says:
      8 years ago

      Only if you time your sell right :>
      I bought some and even though it went up… BTC went up more so I am left with sliiightly less btc equivalent until iota rallies some more.
      I’m slowly learning that just holding btc is the best way to go and then you can buy all these other coins later if they are still around in a few years.

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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