BTC/USD and BTC/JPY Technical Analysis July 3, 2017

newsbtc

Last Updated: June 11, 2024 1:22 pm

1 min read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Hello and welcome to News BTC’s Market Outlook July 3.

BTC/USD

The coin did very little against the US dollar on Friday, as we continue to grind sideways just below the 2600 level. Because of this, it’s likely that the market will continue to roll around in this general vicinity. With the Americans and Canadians celebrating independence holidays, it’s very likely that the volume may be a bit slow. However, the market seems to have more of an upward proclivity currently.

BTC/JPY

Bitcoin did very little against the Japanese yen as well, so having said that it’s likely that this market will also take a bit of a breather, just as we are seeing against the US dollar. However, looks as if the ¥280,000 level will continue to offer significant support. With that being said, it’s probably a market that will be very quiet over the next session or so.

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

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.