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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 October 3 2017

newsbtc
newsbtc
1 year ago
1 min read
btcusd

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Hello and welcome to News BTC’s Market Outlook October 3.

BTC/USD

Bitcoin rallied a bit during the day on Monday, but ran into a little bit of trouble near the $4500 level. This is not a huge deal though, because one would expect a certain amount psychological resistance there. On a break above the $4500 level, the market can then go to $5000, and then perhaps even higher. Pullback should find support all the way down to the $4000 handle.

BTC/JPY

Bitcoin rallied against the Japanese yen as well, testing the ¥500,000 level. I believe that we continue to go higher, and that short-term pullback should be buying opportunities, with support extending down to the ¥450,000 level. This is a “buy on the dips” type of situation.

Thanks for watching, I’ll be back 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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