BTC/USD and BTC/JPY Technical Analysis November 7 2017

BTC/USDBitcoin has been reasonably flat over the last several sessions, but should find support near the $7000 level. The should line up nicely with the previous resistance line of the uptrend channel, so it’s likely that we should see plenty of buying pressure underneath. Bitcoin looks very healthy, but taking a bit of a breather after a move higher makes quite a bit of sense.
BTC/JPYBitcoin has gone sideways against the Japanese yen as well obviously, but I think that the ¥800,000 l