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BTC/USD and BTC/JPY Technical Analysis October 16 2017

Hello and welcome to News BTC’s Market Outlook October 16.[embedded content]BTC/USDThe Bitcoin markets rallied during the day after initially falling on Friday as word got out that Chinese regulators may be reconsidering the ban on crypto currency exchanges. Because of this, we are now testing the 5800 level. It’s obvious that we are going to continue to go higher, and short-term pullbacks sho

BTC/USD and BTC/JPY Technical Analysis October 13 2017

Hello and welcome to News BTC’s Market Outlook October 13.[embedded content]BTC/USDBitcoin rallied significantly during the day against the US dollar on Thursday. We reached towards the $5200 level, getting a bit overextended. A pullback at this point would be a nice buying opportunity, as we certainly have a lot of buying pressure underneath. However, you cannot chase a trade like this, you hav

BTC/USD and BTC/JPY Technical Analysis October 12 2017

Hello and welcome to News BTC’s Market Outlook October 12.[embedded content]BTC/USDBitcoin rallied a bit during the day on Wednesday, reaching towards the $4800 level. The market has resistance just above though, so I think we will continue to bounce around in this area, perhaps going a bit lower to reach towards more support. I think that momentum is to be found underneath, but obviously there

BTC/USD and BTC/JPY Technical Analysis October 11 2017

Hello and welcome to News BTC’s Market Outlook October 11.[embedded content]BTC/USDBitcoin rallied a bit during the day on Tuesday, as we went reaching towards the 4900 level. By doing so, it looks as if the market is going to continue to try and reach the $5000 handle. At this point, it looks like short-term pullbacks are nice buying opportunities just waiting to happen.BTC/JPYBitcoin rallied a

BTC/USD and BTC/JPY Technical Analysis October 10 2017

Hello and welcome to News BTC’s Market Outlook October 10.[embedded content]BTC/USDBitcoin initially pulled back during the session on Monday, but found enough support near the $4550 level to turn around and bounce. If we can break above the high of the day, the market should continue to go looking towards the $4650 level next. This is a market that continues to see plenty of bullish pressure an

Markets Update: The Bitcoin Price Rocket Blasts Off Again

Markets and Prices As we predicted in our last markets update, bitcoin markets were behaving like a shaken can of soda — waiting to pop. The bitcoin price rocket started its ascent yesterday surpassing the $4,500 zone. Then the price of bitcoin blasted to a high of $4,865 just 24-hours later on October 9. As the fork(s) loom in the backdrop, m

BTC/USD and BTC/JPY Technical Analysis October 9 2017

Hello and welcome to News BTC’s Market Outlook October 9.[embedded content]BTC/USDBitcoin rallied to slightly during the day on Friday, breaking above the $4400 level at one point. Because of this, the market should continue to find buyers underneath, and it could present a “buy on the dips” mentality going forward. I think the given the overall uptrend over the last couple of days, we will

BTC/USD and BTC/JPY Technical Analysis October 6 2017

Hello and welcome to News BTC’s Market Outlook October 6.[embedded content]BTC/USDBitcoin shot straight through the roof during the trading session on Thursday, as money came back in the crypto currencies overall. We are currently testing the $4350 level, and I do think that we break above there but it would not surprise me at all to have a short-term pullback. That pullback should be a nice buy

BTC/USD and BTC/JPY Technical Analysis October 5 2017

Hello and welcome to News BTC’s Market Outlook October 5.[embedded content]BTC/USDBitcoin fell against the US dollar on Wednesday, testing the $4200 level. However, this is an area where I see a significant amount of support, extending down to the vital $4000 level. Because of this, I believe that buyers are starting to come back into the market slowly, and we should see a bounce from here.BTC/J

BTC/USD and BTC/JPY Technical Analysis October 4 2017

Hello and welcome to News BTC’s Market Outlook October 4.[embedded content]BTC/USDBitcoin fell a bit during the day on Tuesday, as we reached down towards the $4200 level. This is an area where I expect to see some support though, so I think it’s only a matter of time before the buyers return. Eventually, I think the market reaches towards the $4350 handle, and then towards the $4500 level. I

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