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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 18, 2018

newsbtc
newsbtc
1 year ago
1 min read
btcusd

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BTC/USD

Bitcoin markets fell again during the trading session on Wednesday, as we have cleared the $12,000 level, and even reached towards the $10,000 level. Obviously, $10,000 is going to attract a lot of attention, not only because of the large round number, but also because of the significant 50% Fibonacci retracement level being touched. We have already reached that level, the question is whether we can sustain it? At this point, I think that rallies are to be sold.

 

BTC/JPY

Bitcoin also continues to fall against the Japanese yen, and at this point I would expect to see the ¥1 million level tested. If we rally from here, it’s not until we break above the ¥1.5 million level that I would believe it, and because of that I would be very cautious about rallies. I suspect selling the rallies continues to work here as well.

Thanks for watching, I’ll see you 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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