Bitcoin News, Blog

BTC/USD and BTC/JPY Technical Analysis December 4 2017

Hello and welcome to News BTC’s Market Outlook December.



Bitcoin rallied again during the trading session on Friday, reaching towards the $10,600 level but looks to pull back a little bit in this area. However, we have made a “higher high”, so I believe that this short-term pullback could be the next buying opportunity. Expect a lot of volatility, there is a lot of fear in the market, so be very cautious and add to any position slowly.



Bitcoin also made a “higher high” against the Japanese yen, clearing the ¥1.2 million level. However, we are pulling back a little bit, so you make it an opportunity to pick up some value underneath, and that gives us an opportunity to add to an already long position. However, there is also a lot of fear in this pair as well, so be cautious.

Thanks for watching, I’ll see you tomorrow.

Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.

Leave a Reply

Your email address will not be published. Required fields are marked *