BTC/USD and BTC/JPY Technical Analysis September 20 2017

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Hello and welcome to News BTC’s Market Outlook September 20.[embedded content]

BTC/USD

Bitcoin dipped at the beginning of the session on Tuesday, but seems to be finding support near the $3900 level. As I write this, consolidation between the $3900 and $4100 level looks likely, with a break above the $4100 level being the sign that buyers will need to see to feel comfortable about going “all in” into the market. We’ve seen a lot of volatility as of late, but the technical pattern that is setting up is a very bullish sign.

BTC/JPY

Bitcoin also dipped against the Japanese yen, using the ¥430,000 level as support. Ultimately, the market looks likely to continue going higher if we can break above the ¥450,000 level, we could go much higher, perhaps reaching towards the ¥500,000 level. Pullbacks should continue to attract a lot of attention, as they offer value.

Thanks for watching, I’ll be back tomorrow.

Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.

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247 Bitcoin

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