BTC/USD and BTC/JPY Technical Analysis May 15, 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 May 15.

BTC/USD

The Bitcoin market fell slightly during the day against the US dollar, but found enough support to turn around and look lively yet again. I believe the dips continue to be buying opportunities, and therefore I have no interest in selling. I believe that the $1600 level will be a bit of a “floor” in the market. With this being the case, I remain very bullish.

BTC/JPY

The Bitcoin markets fell slightly during the day on Friday, testing the ¥210,000 level for support. We turned around to form a supportive looking candle though, so I believe that the market still find buyers on dips. We certainly can’t sell this market so even if we pull back I believe there is plenty of support below to attract buyers.

Thanks for watching and see you again tomorrow.