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

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 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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