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BTC/USD and BTC/JPY Technical Analysis October 11 2017

newsbtc
newsbtc
1 year ago
1 min read
btcusd

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Hello and welcome to News BTC’s Market Outlook October 11.

BTC/USD

Bitcoin rallied a bit during the day on Tuesday, as we went reaching towards the 4900 level. By doing so, it looks as if the market is going to continue to try and reach the $5000 handle. At this point, it looks like short-term pullbacks are nice buying opportunities just waiting to happen.

BTC/JPY

Bitcoin rallied against the Japanese yen as well, reaching the ¥540,000 level. The market looks set to continue to go higher, but a pullback in the short term could be possible. I suspect there is a bit of a “floor” at the ¥500,000 level now.

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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