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BTC/USD and BTC/JPY Technical Analysis September 11 2017

newsbtc
newsbtc
1 year ago
1 min read
btcusd

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Hello and welcome to News BTC’s Market Outlook September 11.

BTC/USD

Bitcoin did very little on Friday, as the market looks to consolidate overall. We have seen a recent move higher after a significant selloff, so this makes quite a bit of sense. The proclivity of the market currently is still to the upside, so I like buying on dips, and of course a break above the $4700 level. Still bullish of Bitcoin, and expect a move towards the $5000 level.

BTC/JPY

Bitcoin markets were quiet overall, and the Japanese yen of course won’t be any different. It looks as if the market is digesting the idea of being at the ¥500,000 level, but a break above the ¥510,000 level is a signal that the market is ready to continue going higher. In the meantime, patience will be needed as the market is trying to build up momentum again.

Thanks for watching, I’ll see you 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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