Bitcoin Analysis December 19, 2017

•  BTC/USD 

 Bitcoin rallied initially during the trading session on Monday, but ran into a bit of trouble at the $19,000 level. Over the weekend, we trying to break above the$20,000 level, but failed a bit. Ultimately, it looks as if the market is trying to build up the confidence to break above the $20,000 level, which of course will have a certain amount of psychological resistance. Ultimately, I suspect that we are going to break above there. In the meantime,$18,000 looks to be rather supportive, followed by $17,000 underneath. 

•  BTC/JPY 

 Thanks for watching, I’ll be back tomorrow.