BTC/USD and BTC/JPY Technical Analysis October 2nd 2017


Bitcoin rally during the day on Friday, reaching above the $4200 level. By doing so, we went into the weekend showing real strength. It looks now as if the buyers are coming back on dips, and therefore this is a market that seems to be well supported at the $4200 level, and again extending down to $4000.



Big going also rallied against the Japanese yen, breaking above the ¥468,000 level. Over the weekend, we started to reach towards the ¥475,000 level, thereby showing that this is a “buy the dips” mentality as well. Ultimately, this market should go looking for the ¥500,000 level.

Thank you for watching, I’ll be back tomorrow.

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