Hello and welcome to News BTC’s Market Outlook July 31.
Bitcoin rallied again that during the day on Friday, reaching towards the 2800 level. It now looks as if we’re going to make a move towards the 3000 level, but the short-term charts to find small pullbacks as you can use as value. As a bullish momentum increases, expect the $3000 level to give way, and be broken to the upside.
Bitcoin rallied against the Japanese yen as well, closing in on the ¥320,000 level. A break above their census market looking to the 340,000 in level and beyond. Pullbacks should continue to be supported down to the ¥280,000 level.
Thanks for watching, we’ll see you again tomorrow.