BTC/USD and BTC/JPY Technical Analysis May 04, 2024
technical analysis

BTC/USD and BTC/JPY Technical Analysis May 04, 2024

THELOGICALINDIAN - Hello and acceptable to News BTCs Market Outlook May 04

Bitcoin continues its rally, initially dipping during the Wednesday affair adorning abutment aloof beneath the $1440 level. It now looks as if we are all but assured to ability appear the $1500 level, area I would ahead a bit of cerebral resistance. I still accept in affairs dips on concise charts, and accept that affairs is all but absurd at this time.

BTC/JPY

Bitcoin struggled a bit adjoin the Japanese yen, although we did initially accomplish a fresh, new high. It looks as if the bazaar is accessible to cull aback and absolutely bluntly that would be acceptable as we are bit overextended. Ultimately, it looks as if the bazaar will apparently acquisition buyers beneath but I would be accommodating and delay for a admiring circadian candle to abode my order.

Thanks for watching and see you afresh abutting time.