Bitcoin Analysis January 1, 2017

BTC/USDBitcoin did very little during the trading session on Friday, as traders are focusing on the new year celebration more than anything else. Having said that, there is plenty of support just below at the $13,000 level, and because of this I think it’s only a matter of time before the buyers get involved on a pullback. I also recognize that the 16,000 level above is massively resistive. In the short term, I think we continue to go back and forth.
 
BTC/JPYBitcoin went slightly low