Hello and welcome to News BTC’s Market Outlook September 1.
Bitcoin rose during Thursday trading, as we start looking towards the jobs number today. We are most certainly in a bullish move, and I believe the pullbacks will offer buying opportunities. Because of this, it is only a matter of time before the buyers get involved in my estimation, and therefore I believe that there is plenty of support below. The $4650 level should be the beginning of significant support, and I think that band of support runs down to the $4500 level.
Bitcoin has cleared the psychologically important ¥500,000 level, and I believe we will continue to go higher. Look to buy pullbacks, because we have gotten a bit ahead of ourselves and the short-term, but those pullbacks should offer plenty of value.
Thanks for watching, I’ll be back on 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.