BTC/USD and BTC/JPY Technical Analysis July 25, 2017

newsbtc

1 year ago

1 min read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Hello and welcome to News BTC’s Market Outlook July 25.

BTC/USD

Bitcoin initially fell against the US dollar and early Monday trading, but turned around to show signs of resiliency yet again. It appears that we are currently consolidating, but the market looks very likely to continue to grind its way towards the $3000 level. Pullbacks on short-term charts should continue to offer buying opportunities throughout the day.

BTC/JPY

Bitcoin initially dropped on Monday against the Japanese yen as well, but it seems to be getting support near the ¥300,000 handle. Because of this, it’s very likely that short-term dips will continue to offer short-term buying opportunities. It looks as if the ¥320,000 level is resistance, so break above there would be significantly bullish.

Thanks for watching, we’ll see you again tomorrow.

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.