BTC/USD and BTC/JPY Technical Analysis October 23 2024
technical analysis

BTC/USD and BTC/JPY Technical Analysis October 23 2024

THELOGICALINDIAN - n-a

BTC/USD

Bitcoin rallied decidedly during the day on Friday, breaking out to a fresh, new high. Because of this, it looks as if we are activity to abide to go appear the $6000 level. This is conceivably because Mario Draghi appropriate that Bitcoin isn’t complete abundant to be regulated, thereby acceptance for the markets to feel abundant added adequate in the bearings that we begin so adorable in the aboriginal place. I accept the pullbacks are affairs opportunities, and Bitcoin will abide to strengthen.

BTC/JPY

The Bitcoin additionally exploded to the upside adjoin the Japanese yen, extensive appear the 660,000 level. I anticipate the pullbacks are affairs opportunities, and the ¥640,000 akin beneath is massively admiring and could be a bit of a “floor” in the market.

Things are watching, I’ll be aback tomorrow.