BTC/USD Bitcoin markets tried to rally during the Wednesday session, but as the Americans came on board the daily candle was starting to form a bit of a shooting star. It looks as if we are still going to find quite a bit of noise in this general vicinity, and it currently look at the trading range as being between $9500 on the bottom, and $12,000 on the top. We will not get a longer-term move until we can clear the $12,000 level, an area that has been stubborn as of late. In the meantime, back and forth range bound trading is likely be the case. A breakdown below the $9500 level should send this market looking towards $8000. BTC/JPY Bitcoin also tried to rally against the Japanese yen but has found the ¥1.2 million level to be a bit too resistive. There is plenty of resistance extending to the ¥1.3 million level, so because of this I suspect that we are getting ready to pull back towards the ¥1 million level again, an area that has recently been support. If we break down below there, I believe we will go to the ¥800,000 level.