Hello and welcome to News BTC’s Market Outlook September 14.
BTC/USD
Bitcoin fell against the US dollar as we are now below the $4000 level. With the Chinese cracking down on crypto currencies, it seems as if there is a bit of fear entering the marketplace. Because of this, the printing trader will probably step to the sidelines and wait for at least some stability, if not bullish pressure to the upside. The $3800 level is acting as support currently, but we could go lower.
BTC/JPY
Bitcoin fell against the Japanese yen as well, testing the ¥420,000 level. By doing so, the market looks likely to continue to be very volatile, and I think at this point they move above the ¥450,000 level would be needed to stabilize the market. In the meantime, sellers probably are going to have their way.
Thanks for watching, I’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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