Yahoo Finance Bitcoin Price Forecast March 2, 2018, Technical Analysis
BTC/USD
The Bitcoin market has rallied significantly during the trading session on Thursday, as the Americans came in and continue to push that the Europeans did. We are up over 3% as I record this, but I recognize that the $11,000 level above is resistance. If we can break above the $11,000 handle, I think the market will then go looking towards the $12,000 level above which I see as massively resistive. Otherwise, I think it’s likely that we will roll over and go looking towards the $10,000 level as we continue to go sideways. The volume is a bit low, so I think churning sideways is more likely to be the case.
BTC/USD Video 02.03.18
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BTC/JPY
Bitcoin markets rallied a bit during the trading session on Thursday, as we continue to hang about above the ¥1.1 million level. I think that there is a lot of noise in this market just waiting to happen, and the ¥1.2 million level above is the beginning of extraordinarily bearish pressure to the ¥1.3 million level. If we roll over from here, and break down below the ¥1.1 million level, the market probably goes looking towards the 1 million level where I see support as well. Ultimately, this is a market that I think continues to go back and forth and is probably going to continue to be difficult to deal with if you have a large amount of money in the market. I think that this market continues to be one that you should be very cautious with, but if the market moves in your way, by all means start adding.
This article was originally posted on FX Empire
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