Bitcoin Analysis January 16, 2018

BTC/USDBitcoin markets went back and forth during the trading session on Monday, but then rallied. The market continues to be range bound, and as we are on the bottom half of the consolidation area, we should be looking for buying opportunities. I think that range bound trading continues to be the case for this market, with the $17,000 level being the top.
BTC/JPYBitcoin went sideways against the Japanese yen, essentially showing a lack of determination. We consolidate in against the Japanese ye