Bitcoin Analysis January 11, 2018

Ticker

1 BTC = $46456.54 USD  (via Coinbase)
1 ETH = $1439.49 USD  (via Coinbase)
1 LTC = $166.87 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

Kryptous

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BTC/USD

Bitcoin drifted a bit lower during the trading session on Wednesday, but is approaching a significant support level based upon the uptrend line. Ultimately, I think that there is significant support below at the $12,000 level, just as the massive resistance can be found at the $17,000 handle. I believe that it is only a matter of time before you to bounce and that Bitcoin continues to go higher.

BTC/JPY

Bitcoin drifted a bit lower against the Japanese yen during the session as well, but also is starting to form a hammer on the 4-hour chart, and I think we are starting to see buyers coming back into the market. Given enough time, I believe that the market is going to go to the ¥2 million level.

Thanks for watching, I’ll see you again tomorrow.

Kryptous

Crypto Coins News - Ratings - Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $46456.54 USD  (via Coinbase)
1 ETH = $1439.49 USD  (via Coinbase)
1 LTC = $166.87 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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