BTC/USD and BTC/JPY Technical Analysis June 23, 2017

Hello and welcome to News BTC’s Market Outlook June 23.[embedded content]

BTC/USD

The Bitcoin market initially fell against the US dollar, reaching the $2600 level. However, there was enough support there to turn things around and show signs of life. Because of this, the market looks like it is ready to turn around and go reaching towards the $2800 level, and a break above there would send the market even higher, perhaps reaching towards the $3000 level.

BTC/JPY

Bitcoin had a slightly positive session against the Japanese yen, but continues to struggle near the ¥305,000 level. Because of this, it looks like we may need to pull back a bit to build up enough momentum to go higher. If we can break above the highs from the Wednesday session, the market could go as high as ¥320,000 rather quickly.

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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.

Source: Newsbtc

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