BTC/USD and BTC/JPY Technical Analysis June 30, 2017

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 June 30.

BTC/USD

Bitcoin tried to rally against the US dollar during the Thursday session, but rolled over a bit as the $2600 level continues to offer resistance. However, break above that level is a bullish sign and could send this market looking for the $2800 rather quickly. We still maintain a bit of a bullish look to the market, so therefore believe the pullbacks will find support between here and the $2400 level.

BTC/JPY

Bitcoin fell during the session on Thursday against the Japanese yen as well, testing the ¥280,000 level. That area begins a significant support barrier though, extending all the way down to the ¥260,000 handle. With this being the case, I’m looking for short-term dips as buying opportunities, and a move to the ¥300,000 level looks to be a real possibility

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