Bitcoin Analysis December 29, 2017

BTC/USDBitcoin fell slightly against the US dollar initially on Thursday, testing the $13,500 level. We are currently in the middle of consolidation, with $13,000 on the bottom being support, and the $16,000 level above is significant resistance. I believe that the market should continue to be very choppy and sideways, as volume is not a major part of the market between holidays.
 
BTC/JPYThe Bitcoin market was also soft against the Japanese yen, reaching down towards the ¥1.6 million l