BTC/USD and BTC/JPY Technical Analysis July 18, 2017

BTC/USD and BTC/JPY Technical Analysis July 18, 2017


Hello and welcome to News BTC’s Market Outlook July 18.

BTC/USD

Bitcoin rallied on Monday, bouncing from the 50% Fibonacci retracement level in the neighborhood of 2000. Because of this, looks as if the buyers are trying to return, and a break above the highs from the session should send this market even higher. However, there is a lot of noise above, and therefore volatility should remain high.

BTC/JPY

Bitcoin bounce from the ¥220,000 level, reaching towards the ¥240,000 level. A break above there sends this market looking for the ¥260,000 region. Pullbacks continue to offer support, and as long as we can stay above the ¥200,000 level, I think that we are trying to form some type of support.

Thanks for watching, we’ll see you again 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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