BTC/USD and BTC/JPY Technical Analysis November 7 2024
technical analysis

BTC/USD and BTC/JPY Technical Analysis November 7 2024

THELOGICALINDIAN - BTCUSD

Bitcoin has been analytic collapsed over the aftermost several sessions, but should acquisition abutment abreast the $7000 level. The should band up accurately with the antecedent attrition band of the uptrend channel, so it’s acceptable that we should see affluence of affairs burden underneath. Bitcoin looks actual healthy, but demography a bit of a blow afterwards a move college makes absolutely a bit of sense.

BTC/JPY

Bitcoin has gone alongside adjoin the Japanese yen as able-bodied obviously, but I anticipate that the ¥800,000 akin beneath will abide to action support, and dips are affairs opportunities. Ultimately, the buyers should acknowledgment and advance appear the ¥1 actor akin over the best term, but this is a longer-term call, and in the meantime, we charge accept that it is a simple bullwork higher.

Thanks for watching, be aback tomorrow.