Hello and welcome to News BTC’s Market Outlook May 15.
The Bitcoin market fell slightly during the day against the US dollar, but found enough support to turn around and look lively yet again. I believe the dips continue to be buying opportunities, and therefore I have no interest in selling. I believe that the $1600 level will be a bit of a “floor” in the market. With this being the case, I remain very bullish.
The Bitcoin markets fell slightly during the day on Friday, testing the ¥210,000 level for support. We turned around to form a supportive looking candle though, so I believe that the market still find buyers on dips. We certainly can’t sell this market so even if we pull back I believe there is plenty of support below to attract buyers.
Thanks for watching and see you again tomorrow.