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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 29, 2017

newsbtc
newsbtc
1 year ago
1 min read
btcusd

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BTC/USD

Bitcoin fell slightly against the US dollar initially on Thursday, testing the $13,500 level. We are currently in the middle of consolidation, with $13,000 on the bottom being support, and the $16,000 level above is significant resistance. I believe that the market should continue to be very choppy and sideways, as volume is not a major part of the market between holidays.

 

BTC/JPY

The Bitcoin market was also soft against the Japanese yen, reaching down towards the ¥1.6 million level. The 1.9 million level above is significantly resistant, extending to the ¥2 million level. If we can break above the ¥2 million level, the market should then continue to go much higher. If we break down below the ¥1.5 million level, that would be a very negative sign.

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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