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BTC/USD and BTC/JPY Technical Analysis April 27, 2017

newsbtc
newsbtc
1 year ago
1 min read
btcusd

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Hello and welcome to News BTC’s Market Outlook April 27.

BTC/USD

Bitcoin rallied against the US dollar during the Wednesday session, reaching towards the $1385 level. Currently, it appears that every time this market pulls back on a short-term chart, buyers are coming back into the marketplace to continue to push to the upside. Expect an attempt to reach the $1400 level over the next several sessions.

BTC/JPY

Bitcoin rallied against the Japanese yen as well, reaching the ¥154,000 level. At this point, ¥155,000 is all but assured. That is the psychologically significant number, so we could get a pullback from there. However, that should only offer value the traders will start buying. We have finally made a fresh, new high, so it should signify that we are going to go much higher. I expect the ¥150,000 level to now act as a floor in the market.

Thanks for watching and see you again tomorrow.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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