BTC/USD and BTC/JPY Technical Analysis October 2nd 2017

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

BTC/USD

Bitcoin rally during the day on Friday, reaching above the $4200 level. By doing so, we went into the weekend showing real strength. It looks now as if the buyers are coming back on dips, and therefore this is a market that seems to be well supported at the $4200 level, and again extending down to $4000.

BTC/JPY

Big going also rallied against the Japanese yen, breaking above the ¥468,000 level. Over the weekend, we started to reach towards the ¥475,000 level, thereby showing that this is a “buy the dips” mentality as well. Ultimately, this market should go looking for the ¥500,000 level.

Thank you for watching, I’ll be back tomorrow.