Bitcoin Analysis January 10, 2018

BTC/USDBitcoin markets have drifted a bit lower during the trading session on Tuesday, as the $14,000 level has been supportive so far. I think that if we break down below the $14,000 level, the market will probably go looking towards the $13,000 level, followed by the $12,000 level. Ultimately, I believe that the buyers will return and push this market to the upside, but it may take some time to get that type of bullish pressure.
 
BTC/JPY 
Bitcoin initially fell during the trading se