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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 September 15 2017

newsbtc
newsbtc
1 year ago
1 min read
btcusd

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Hello and welcome to News BTC’s Market Outlook September 15.

BTC/USD

Bitcoin fell a bit during the day yet again on Thursday, as fears of a Chinese crackdown on crypto currencies continue. The $3800 level above should offer resistance, as we have seen significant support there previously. If we rally at this point, some type of exhaustive candle should be and I selling opportunity. If we were to break above the $3800 level, I might consider buying, but until then I would be a bit suspicious.

BTC/JPY

Bitcoin fell precipitously against the Japanese yen as well, breaking below the ¥400,000 level. Because of this, I think that the bearish pressure may continue, and Bitcoin seems to be ready for a major pullback. With fears of a Chinese crackdown, it makes sense that very little will be needed to scare this market. We are certainly seen a massive amount of selling pressure, and it’s not until we break above the ¥430,000 level that I would be interested in buying.

Thanks for watching, all see you again on Monday.

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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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