BTC/USD and BTC/JPY Technical Analysis September 25 2017




btcusd

Hello and welcome to News BTC’s Market Outlook September 25.

BTC/USD

Bitcoin slid slightly against the US dollar as the overall malaise in the market continues. Although we have fallen over the last couple of sessions, I still believe there is a significant amount of support just below, especially near the $3500 level. A breakdown below there would probably have the market looking for the $3400 level next, but I believe it’s only a matter of time before the buyers return.

BTC/JPY

Bitcoin also fell against the Japanese yen, but I see a significant amount of support near the ¥380,000 level, and it’s probably going to be an area where we will bounce from. Ultimately, the market should probably go towards the ¥440,000 level, and beyond that to the ¥500,000 level.

Thanks for watching, I’ll be back 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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