BTC/USD and BTC/JPY Technical Analysis November 23 2017

Avatar newsbtc 2 years ago

Hello and welcome to News BTC’s Market Outlook November.



Bitcoin fell slightly against the US dollar after initially trying to rally on Wednesday in what could probably be best described as listless trading. The $8000 level below should be psychologically supportive though, so I expect that this is going to continue to be a “buy on the dips” market, as we are accumulating more momentum for the next move higher.



Bitcoin continues to grind higher against the Japanese yen, although we did stall a bit during the trading session on Wednesday. It looks as if we are trying to form an ascending triangle, so I suspect that the buyers are going to come back in relatively soon. Either way, I think it’s almost a foregone conclusion that BTC rises to ¥1 million at this point.

Thanks for watching, I’ll see you again tomorrow.

Tags: BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

Instant Crypto Credit Lines™ from only 5.9% APR - unlock your crypto-wealth tax-efficiently, without selling it. Earn up to 8% interest per year on your Stablecoins, USD, EUR & GBP. $100 million custodial insurance.

Show comments