BTC/USD and BTC/JPY Technical Analysis July 13, 2017

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Hello and welcome to News BTC’s Market Outlook July 13.

BTC/USD

Bitcoin initially fell against the US dollar, but found enough support just above the $2200 level to turn around and show signs of life again. If we can break above the $2400 level, it’s likely that we will reach towards the $2600 level. A breakdown below the $2200 level should send this market looking for the $2000 level next.

BTC/JPY

Bitcoin fell against the Japanese yen initially during the day, but found the ¥260,000 level to be supportive enough to bounce significantly. Because of this, if we can break above the ¥280,000 level, the market should then go to the ¥300,000 area. A breakdown below the ¥260,000 level since this market looking for ¥250,000 next.

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