Bitcoin Analysis January 11, 2018

BTC/USDBitcoin drifted a bit lower during the trading session on Wednesday, but is approaching a significant support level based upon the uptrend line. Ultimately, I think that there is significant support below at the $12,000 level, just as the massive resistance can be found at the $17,000 handle. I believe that it is only a matter of time before you to bounce and that Bitcoin continues to go higher.
 
BTC/JPYBitcoin drifted a bit lower against the Japanese yen during the session as well,