BTC/USD and BTC/JPY Technical Analysis September 28 2017

newsbtc

Last Updated: June 11, 2024 1:19 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 September 28.

BTC/USD

Bitcoin rallied again during the day on Wednesday, breaking cleanly above the $4000 level. I think that the market pulling back from here should be a buying opportunity though, and I think that a supportive candle is exactly what you’re looking for. I believe that the support runs down to at least the $3880 level. Ultimately, I think that the market should continue to look at Bitcoin as the leader of the crypto currency markets, and as it has rallied, the others have as well.

BTC/JPY

Bitcoin also rallied against the Japanese yen, testing the ¥450,000 level. We are starting to pull back a little bit later in the day, but I think that any pullback from here should be a buying opportunity, especially near the ¥440,000 level. Ultimately, I do think that we break out, and we go much higher.

Thanks for watching, I’ll be back 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.