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

Hello and welcome to News BTC’s Market Outlook September 11.

BTC/USD

Bitcoin did very little on Friday, as the market looks to consolidate overall. We have seen a recent move higher after a significant selloff, so this makes quite a bit of sense. The proclivity of the market currently is still to the upside, so I like buying on dips, and of course a break above the $4700 level. Still bullish of Bitcoin, and expect a move towards the $5000 level.

BTC/JPY

Bitcoin markets were quiet overall, and the Japanese yen of course won’t be any different. It looks as if the market is digesting the idea of being at the ¥500,000 level, but a break above the ¥510,000 level is a signal that the market is ready to continue going higher. In the meantime, patience will be needed as the market is trying to build up momentum again.

Thanks for watching, I’ll see you 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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