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

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BTC/USD

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.

BTC/JPY

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.

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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