Hello and welcome to News BTC’s Market Outlook June 21.[embedded content]
Bitcoin rallied just a bit during the Tuesday session, as we continue to struggle near the $2650 level. Because of this, I believe that the market will more than likely continue to try to break out to the upside, but I recognize that the recent volatility will keep gains somewhat small. Alternately, pullbacks could offer value as the $2400 level looks to be supported.
Bitcoin tried to rally against the Japanese yen on Tuesday, but continues to find a significant amount of resistance near the ¥300,000 level. Because of this, the market will more than likely continue to struggle, but if we can clear the ¥305,000 level, we could make a move towards the 320,000 level.
Thank you for watching, we’ll see you again tomorrow.
Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.