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News BTC Bitcoin Analysis January 15, 2018

1,045 views · Published 12 January 2018 · 1:38 · Indexed 1 November 2026

Channel: NEWSBTC · 2018 · People & Blogs

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BTC/USD

Bitcoin bounce from a trend line during the trading session on Friday, as well as the $13,000 level. Because of this, looks like we may get a little bit of bullish pressure, but quite frankly, it’s not until we break above the $15,000 level that I feel comfortable buying. This could end up being an opportunity to sell for another attempt at the uptrend line, but I suspect we are going to see volatility more than anything else. Monday as Martin Luther King Jr.’s birthday in America, so expect quiet trading.

BTC/JPY

Bitcoin has continued to drift lower over the last couple of sessions, and that looks likely to be the running theme. I think the market is going to go down to the ¥1.5 million level over the next several sessions, where it should find plenty of buyers. The volume is reasonably quiet, so I think this is a simple continuation of the overall consolidated move.

Thanks for watching, I’ll be back tomorrow.

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