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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

ETH/USD and ETH/BTC Technical Analysis September 8 2017

newsbtc
newsbtc
1 year ago
1 min read
ethusd

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Hello and welcome to News BTC’s Market Outlook September 8.

ETH/USD

Ethereum initially dropped on Thursday, but found plenty of support at the $320 level. By doing so, we bounced and it now looks like we will go looking towards the $340 level next. A break above there clears the way for the $350 level, and then $370. This is still a “buy the dips” market, as crypto currencies have regained a significant amount of footing over the last couple of sessions.

ETH/BTC

Ethereum fell against Bitcoin, but that’s no surprise considering how well Bitcoin has reacted to the recent turmoil. It looks like the market will probably go looking for the 0.07 level for support, and quite frankly I don’t refer Ethereum over Bitcoin anyway. We are in a downtrend, and should continue to slide overall.

Thanks for watching, I’ll be back 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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