BTC/USD and BTC/JPY Technical Analysis September 4 2017

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Hello and welcome to News BTC’s Market Outlook September 4.

BTC/USD

Bitcoin initially fell on Friday but fell to the $4680 level to find support. We did so and bounced significantly. Ultimately, I think that this market continues to be volatile, but I think that the uptrend is still very much in effect, and therefore I think that you cannot go against it. I believe that given enough time, we will reach towards the $5000 level.

BTC/JPY

Bitcoin initially fell during the session on Friday but found enough support at the ¥520,000 level to turn around and a rally significantly. I believe that a market going higher is a given, and dips continue to offer buying opportunities. With this in mind, I am a buyer.

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