Hello and welcome to News BTC’s Market Outlook September 6.
BTC/USD
Bitcoin rallied during the day on Tuesday, reaching towards the $4400 level again. However, this area does look to be somewhat resistive, so I would be hesitant to buy until we clear the $4500 level. In the meantime, looks like we could consolidate, and if that’s the case, we may be dropping down to the $4000 level.
BTC/JPY
Bitcoin also rallied against the Japanese yen after initially falling, but has found a bit of trouble near the ¥500,000 level. We need to clear that area in order to continue to go higher with any type of reliability, so it’s not until we clear the ¥500,000 level that I would consider buying. Currently, it looks as if the market may pull back, perhaps reaching towards the ¥450,000 level in consolidation.
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.
<!–
–>
Our Social Networks: Facebook Instagram Pinterest Reddit Telegram Twitter Youtube
