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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 28, 2017

newsbtc
newsbtc
1 year ago
1 min read
btcusd

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Hello and welcome to News BTC’s Market Outlook July 28.

BTC/USD

Bitcoin had a slightly positive session on Thursday, as we continue to try to find our footing in this market. A break above the $2600 level should send this market looking towards the $2800 level. Above there, there is still a significant amount of resistance, but ultimately, it’s not until we break above the 3000 level that the longer-term buy-and-hold type of traitor will come back in.

BTC/JPY

Bitcoin rallied a bit during the day, bouncing off the ¥280,000 level. It looks as if the market will go towards the ¥300,000 level above, and then go reaching towards the ¥320,000 level. Because of this, I believe that the buyers will continue to be active, as we are trying to build up a bit of a floor in this market. Longer-term, I believe that we break above the ¥320,000 level and continue to go much higher.

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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