BTC/USD and BTC/JPY Technical Analysis September 8 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 September 8.

BTC/USD

Bitcoin fell initially on Thursday, but found support at the $4500 level. By doing so, it looks as if we are trying to break out to the upside yet again, with $4700 B in a slight barrier. Once we break above there, the market should go looking for the $5000 handle above.

BTC/JPY

Bitcoin found the ¥500,000 level to be supportive during the Thursday session, and a break above the ¥510,000 level is the next challenge. Once we get above there, ¥520,000 will be tested. This market remains a “buy on the dips” type of situation, and I don’t see that changing anytime soon. Because of this, I am bullish of Bitcoin against the Japanese yen.

Thanks for watching, I’ll be back tomorrow.