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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 27th 2017

newsbtc
newsbtc
1 year ago
1 min read
btcusd

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Hello and welcome to News BTC’s Market Outlook September 27.

BTC/USD

Bitcoin markets initially dipped on Tuesday, but found enough support near the $3840 level to turn around and find buying pressure again. It looks as if the $4000 level will be tested, and a break above that level will be psychologically significant. Under those circumstances, it’s very likely that the buyers will come in and continue to push Bitcoin to the upside. Alternately, a pullback from here should find plenty of support, and therefore it looks as if the buyers are starting to take over again.

BTC/JPY

Bitcoin fell against the Japanese yen, testing the ¥428,000 level. That area turned around and found significant bullish pressure, as it looks like we are going to continue to see Bitcoin rally against the yen also. I believe that we are going to go looking towards the ¥450,000 level, but we may get the occasional pullback. Those should end up being buying opportunities.

Thanks for watching, see you again 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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