Bitcoin Analysis December 18, 2017

BTC/USDBitcoin has rallied significantly during the trading session on Friday, breaking above the top of an ascending triangle. By measuring the move, we get a potential rally to the $23,000 level, but expect short-term pullbacks occasionally. It looks as if the bullish pressure continues, as momentum has picked back up to the upside.
 
BTC/JPYBitcoin has rallied against the Japanese yen as well, although and not as clear of a pattern as against the US dollar. This being the case, looks as