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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 January 10, 2018

newsbtc
newsbtc
1 year ago
1 min read
btcusd

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BTC/USD

Bitcoin markets have drifted a bit lower during the trading session on Tuesday, as the $14,000 level has been supportive so far. I think that if we break down below the $14,000 level, the market will probably go looking towards the $13,000 level, followed by the $12,000 level. Ultimately, I believe that the buyers will return and push this market to the upside, but it may take some time to get that type of bullish pressure.

 

BTC/JPY

 

Bitcoin initially fell during the trading session on Tuesday against the Japanese yen, reaching down towards the ¥1.8 million level. We have bounce from there, breaking above the ¥1.9 million level, before rolling over again. At this point, I suspect that we are going to go a little bit lower, so waiting for stability to go long is probably the best way to go.

Thanks for watching, I’ll be back tomorrow.

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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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