【BTCJPY】Continued to rise temporarily to 940,000 yen!

In the July 24 post titled “【BTCJPY】A new development after the inverted head and shoulders,” it described that on a daily basis Bitcoin briefly nudged just above the 850,000 yen level, and if this level could be supported, it would finally solidify the groundwork for an upward move. In reality, it didn’t test support but surged all at once, extending to about 940,000 yen. Bitcoin rose above the 25SMA on the weekly chart, aiming for the next target of around 950,000 yen or even a return to the 1,000,000 yen milestone. For Bitcoin holders, this is a chance to feel a refreshingly positive development after a long time.