BTC/USD and BTC/JPY Technical Analysis June 29, 2017

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Hello and welcome to News BTC’s Market Outlook June 29.

BTC/USD

Bitcoin fell against the US dollar initially during the Wednesday session but continues to find a little bit of support just underneath. Because of this, looks like we are getting ready to start grinding higher, and I think that will be the key word here: grinding. I am a buyer of dips, no interest in selling and I believe that a break above the $2600 level is the next sign of strength that could propel this market towards the $2800 level.

BTC/JPY

Bitcoin fell a bit against the Japanese yen as well, but continues to find buyers just below the ¥280,000 level. Because of this, I believe it’s only a matter of time before we go higher, so therefore buying on the dips may be prudent at this juncture. As long as we can stay above the ¥260,000 level, I think that this market continues to find strength.

Thanks for watching, we’ll see you again 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.

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