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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

BTC/USD and BTC/JPY Technical Analysis July 12, 2017

newsbtc
newsbtc
1 year ago
1 min read
btcusd

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Hello and welcome to News BTC’s Market Outlook July 12.

BTC/USD

Bitcoin fell a bit during the day on Tuesday, but found enough support above the $2200 level to turn around and show signs of life again. Because of this, it’s likely that we will continue to see buyers jump into this market, at least in the short term. Nonetheless, I think you can count on volatility.

BTC/JPY

The coin also had a bit of a bounce after initially falling against the Japanese yen, although in this market it’s a bit flatter. I still believe that the ¥260,000 level below is supportive, and that a break above the ¥280,000 level signals that the buyers are coming back. Until then, I do not expect much out of this currency pair.

Thanks for watching, 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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