Bitcoin Analysis December 12, 2017

BTC/USD
 
Bitcoin has been very volatile over the weekend, reaching as low as $13,000. However, after futures trading opened a, it became apparent that buyers were jumping into the Chicago exchange. Because of this, I believe there has been a bit of a “knock on effect” in the underlying asset. At this point, a break above the $17,000 level suggests that we are going much higher. Otherwise, expect pullbacks to eventually find support.BTC/JPYBitcoin fell rather significantly again