BTC/USD and BTC/JPY Technical Analysis September 20 2017

newsbtc

Last Updated: June 11, 2024 1:19 pm

1 min read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Hello and welcome to News BTC’s Market Outlook September 20.

BTC/USD

Bitcoin dipped at the beginning of the session on Tuesday, but seems to be finding support near the $3900 level. As I write this, consolidation between the $3900 and $4100 level looks likely, with a break above the $4100 level being the sign that buyers will need to see to feel comfortable about going “all in” into the market. We’ve seen a lot of volatility as of late, but the technical pattern that is setting up is a very bullish sign.

BTC/JPY

Bitcoin also dipped against the Japanese yen, using the ¥430,000 level as support. Ultimately, the market looks likely to continue going higher if we can break above the ¥450,000 level, we could go much higher, perhaps reaching towards the ¥500,000 level. Pullbacks should continue to attract a lot of attention, as they offer value.

Thanks for watching, I’ll be back tomorrow.

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.