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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 13, 2017

newsbtc
newsbtc
1 year ago
1 min read
btcusd

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Hello and welcome to News BTC’s Market Outlook July 13.

BTC/USD

Bitcoin initially fell against the US dollar, but found enough support just above the $2200 level to turn around and show signs of life again. If we can break above the $2400 level, it’s likely that we will reach towards the $2600 level. A breakdown below the $2200 level should send this market looking for the $2000 level next.

BTC/JPY

Bitcoin fell against the Japanese yen initially during the day, but found the ¥260,000 level to be supportive enough to bounce significantly. Because of this, if we can break above the ¥280,000 level, the market should then go to the ¥300,000 area. A breakdown below the ¥260,000 level since this market looking for ¥250,000 next.

Thanks for watching, we’ll 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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