Hello and welcome to News BTC’s Market Outlook June 30.[embedded content]
Bitcoin tried to rally against the US dollar during the Thursday session, but rolled over a bit as the $2600 level continues to offer resistance. However, break above that level is a bullish sign and could send this market looking for the $2800 rather quickly. We still maintain a bit of a bullish look to the market, so therefore believe the pullbacks will find support between here and the $2400 level.
Bitcoin fell during the session on Thursday against the Japanese yen as well, testing the ¥280,000 level. That area begins a significant support barrier though, extending all the way down to the ¥260,000 handle. With this being the case, I’m looking for short-term dips as buying opportunities, and a move to the ¥300,000 level looks to be a real possibility
Thanks for watching, we’ll see you again Monday.
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.
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