Hello and welcome to News BTC’s Market Outlook June 26.[embedded content]
Bitcoin initially tried to pull back slightly on Friday, but bounced higher as it looks like we are going to head to the 2800 level. A break above there should send this market towards the 3000 handle, but it may take some time to get there. Ultimately, I think pullbacks continue to offer buying opportunities, and eventually we will break above there. This is a bullish market, and the recent pullback has offered a bit of value.
Bitcoin rallied a bit during the day on Friday against the Japanese yen as well, breaking above the top of the shooting star from Wednesday. That being the case, looks as if we could go to the ¥320,000 level, and then eventually the 340,000 level. This is a market that continues to find buyers every time it dips, and therefore pullback should be looked at as value.
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