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BTC/USD and BTC/JPY Technical Analysis September 26 2017

newsbtc
newsbtc
1 year ago
1 min read
btcusd

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Hello and welcome to News BTC’s Market Outlook September 26.

 

BTC/USD

Bitcoin rallied a bit during the session on Monday, as we continue to go back and forth. The $3800 level offered a bit of resistance, but I think that eventually we will break above it. Given enough time, we should go looking for the $4000 level, but currently I think that we are consolidating, and an attempt to build up momentum.

BTC/JPY

Bitcoin also rallied against the Japanese yen, but finds a significant amount of resistance at the ¥425,000 level. A break above the ¥430,000 level would be very bullish, perhaps sending the market towards the ¥450,000 level. In the meantime, look at short-term pullbacks as buying opportunities in a market that has been bullish longer-term, but as of late has suffered a bit.

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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