BTC/USD and BTC/JPY Technical Analysis September 26 2017

Hello and welcome to News BTC’s Market Outlook September 26.

BTC/USD

Bitcoin rallied a bit during the session on Monday, as we continue to go back and forth. The $3800 level offered a bit of resistance, but I think that eventually we will break above it. Given enough time, we should go looking for the $4000 level, but currently I think that we are consolidating, and an attempt to build up momentum.

BTC/JPY

Bitcoin also rallied against the Japanese yen, but finds a significant amount of resistance at the ¥425,000 level. A break above the ¥430,000 level would be very bullish, perhaps sending the market towards the ¥450,000 level. In the meantime, look at short-term pullbacks as buying opportunities in a market that has been bullish longer-term, but as of late has suffered a bit.

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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