Hello and welcome to News BTC’s Market Outlook June 6.
Bitcoin rallied against the US dollar during relatively quiet trading on Monday, reaching towards the $2600 level. If we can break above there, and I think we will, we should continue to go higher, perhaps reaching towards the $2750 level above. Pullbacks should continue to be buying opportunities.
Bitcoin rallied against the Japanese yen as well, as we reached towards the ¥293,000 level. The ¥300,000 level above should be a bit of a barrier, but I think that pullbacks will continue to be buying opportunities, but eventually we should break above the ¥300,000 level, and continue to go much higher after that. I believe the pullbacks will also be bought in this currency pair as well.
Thanks for watching, I’ll see you tomorrow.