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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 24, 2018

newsbtc
newsbtc
1 year ago
1 min read
btcusd

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Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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Ad discliamer

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BTC/USD

Bitcoin initially tried to rally during the day on Tuesday but struggled again as it looks likely to continue lower. We are pressing the $10,000 level, an area that of course has attracted a lot of attention. However, it’s likely that we will break down below there considering the tenacity of the selling pressure, and the lack of positive volume. Because of this, I anticipate that we are going to continue to go lower, perhaps down to the $8000 level next.

 

BTC/JPY

Bitcoin also fell against the Japanese yen and is now below the ¥1.2 million level. It’s likely that we are going to go testing the ¥1 million level in the short term, so I believe that based upon the price action in the most recent candles, that we are going to continue to fall from here. A breakdown below the ¥1 million level would be very negative, sending the market much lower.

Thanks for watching, I’ll be back tomorrow.

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Comments 3

  1. cam says:
    7 years ago

    F*ck off with your fud and manipulative articles.

    Shorting the market for your own gain is scum and should be punishable.

    Shame on you.

    Reply
    • steve says:
      7 years ago

      why are you being so negative? shame on you…. it can be negative news for one, but positive for another that could be just your own situation and perception.. i say; buy more when it goes down.

      Reply
  2. Genelene alivio says:
    7 years ago

    Lezlydrops143

    Reply

Leave a Reply Cancel reply

Your email address will not be published.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

Comments 3

  1. cam says:
    7 years ago

    F*ck off with your fud and manipulative articles.

    Shorting the market for your own gain is scum and should be punishable.

    Shame on you.

    Reply
    • steve says:
      7 years ago

      why are you being so negative? shame on you…. it can be negative news for one, but positive for another that could be just your own situation and perception.. i say; buy more when it goes down.

      Reply
  2. Genelene alivio says:
    7 years ago

    Lezlydrops143

    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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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

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