Analysis

BTC/USD and BTC/JPY Technical Analysis July 31, 2017

Christopher Lewis | July 31, 2017 | 7:22 am
btcusd
Analysis

BTC/USD and BTC/JPY Technical Analysis July 31, 2017

Christopher Lewis | July 31, 2017 | 7:22 am

Hello and welcome to News BTC’s Market Outlook July 31.

BTC/USD

Bitcoin rallied again that during the day on Friday, reaching towards the 2800 level. It now looks as if we’re going to make a move towards the 3000 level, but the short-term charts to find small pullbacks as you can use as value. As a bullish momentum increases, expect the $3000 level to give way, and be broken to the upside.

BTC/JPY

Bitcoin rallied against the Japanese yen as well, closing in on the ¥320,000 level. A break above their census market looking to the 340,000 in level and beyond. Pullbacks should continue to be supported down to the ¥280,000 level.

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

 

 

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