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BTC/USD and BTC/JPY Technical Analysis September 13 2017

Avatar newsbtc 2 years ago

Hello and welcome to News BTC’s Market Outlook September 13.

BTC/USD

Bitcoin rallied on Tuesday, reaching towards the $4350 level. We found a bit of resistance there, but are starting to see rally of support yet again. I think given enough time, we will break above the $4400 level above, and continue to go towards the $4500 level. It looks as if we are forming a bit of a base in this area that should be bullish going forward.

BTC/JPY

Bitcoin rallied against the Japanese yen, reaching towards the ¥475,000 level, but then pulling back slightly. Nonetheless, there is plenty of bullish pressure underneath Andy’s dips continue to offer nice buying opportunities. Given enough time, this market should go looking for ¥500,000.

Thinks for watching, I’ll be back tomorrow.

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