BTC/USD and BTC/JPY Technical Analysis November 27 2017




btcusd

Hello and welcome to News BTC’s Market Outlook November.

BTC/USD

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Bitcoin rallied slightly during the Friday trading session, as we tested the $8000 level for support. By bouncing from there, it looks as if we are ready to continue to bounce around between the $8000 handle on the bottom, and the $8400 level on the top. Eventually, I anticipate that we are going to see the $8500 level tested.

BTC/JPY

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Bitcoin rallied a bit during the day against the Japanese yen as well, testing the ¥925,000 level. The market has flattened out a bit, but it looks like the ¥900,000 level is continuing to offer a bit of support and possibly a springboard effect to the ¥1 million level is coming.

Thank you 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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