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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 24, 2017

newsbtc
newsbtc
1 year ago
1 min read
btcusd

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Hello and welcome to News BTC’s Market Outlook July 24.

BTC/USD

Bitcoin fell a bit during the session on Friday against the US dollar, dipping below the $2800 level. However, by the time it was all said and done we did see some support. It looks as if we are going to continue to try to reach towards the $3000 level, and with that in mind I am a buyer of dips on short-term charts.

BTC/JPY

 

Bitcoin also fell against the Japanese yen as the ¥300,000 level offered a bit of a psychological resistance. However, it’s probably only a matter of time before we break above that level, so I am bullish of this market and think that a clearance of the ¥300,000 level should send this market towards the ¥310,000 level. Expect to see support near ¥290,000.

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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