BTC/USD and BTC/JPY Technical Analysis October 3 2024
technical analysis

BTC/USD and BTC/JPY Technical Analysis October 3 2024

THELOGICALINDIAN - Hello and acceptable to News BTCs Market Outlook October 3

BTC/USD

Bitcoin rallied a bit during the day on Monday, but ran into a little bit of agitation abreast the $4500 level. This is not a huge accord though, because one would apprehend a assertive bulk cerebral attrition there. On a breach aloft the $4500 level, the bazaar can again go to $5000, and again conceivably alike higher. Pullback should acquisition abutment all the way bottomward to the $4000 handle.

BTC/JPY

Bitcoin rallied adjoin the Japanese yen as well, testing the ¥500,000 level. I accept that we abide to go higher, and that concise pullback should be affairs opportunities, with abutment extending bottomward to the ¥450,000 level. This is a “buy on the dips” blazon of situation.

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