BTC/USD and BTC/JPY Technical Analysis July 18, 2024
technical analysis

BTC/USD and BTC/JPY Technical Analysis July 18, 2024

THELOGICALINDIAN - Hello and acceptable to News BTCs Market Outlook July 18

BTC/USD

Bitcoin rallied on Monday, bouncing from the 50% Fibonacci retracement akin in the adjacency of 2024. Because of this, looks as if the buyers are aggravating to return, and a breach aloft the highs from the affair should accelerate this bazaar alike higher. However, there is a lot of babble above, and accordingly animation should abide high.

BTC/JPY

Bitcoin animation from the ¥220,000 level, extensive appear the ¥240,000 level. A breach aloft there sends this bazaar attractive for the ¥260,000 region. Pullbacks abide to action support, and as continued as we can break aloft the ¥200,000 level, I anticipate that we are aggravating to anatomy some blazon of support.

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