BTC/USD and BTC/JPY Technical Analysis October 27 2024
technical analysis

BTC/USD and BTC/JPY Technical Analysis October 27 2024

THELOGICALINDIAN - n-a

BTC/USD

Bitcoin rallied decidedly during the day on Thursday, extensive appear the $6000 akin again. As you can see on the 4-hour chart, we accept burst aloft the top of the declivity in general, and it now looks as if we are aggravating to breach out to the contempo highs afresh afterpiece to the $6200 level. Because of this, looks like a pullback should acquisition affluence of abutment abreast the $5800 akin now, and that Bitcoin is accessible to go abundant higher.

BTC/JPY

The Bitcoin bazaar rallied decidedly as able-bodied adjoin the Japanese yen, extensive appear the ¥680,000 level. The bazaar looks set to ability appear the ¥700,000 level, and beyond. Ultimately, pullback should abide to be affairs opportunities as the ¥650,000 akin beneath continues to act as abutment for what I can see. With this actuality the case, I am bullish in both markets.

Thanks for watching, I’ll see you afresh Monday.