Hello and welcome to News BTC’s Market Outlook June 12.
Bitcoin continues to rally against the US dollar, as we are reaching towards the 3000 level. I believe that short-term pullbacks will continue to offer buying opportunities, and that it’s only a matter of time before we reach that psychologically significant number. Once we get there though, I would anticipate a significant amount of resistance.
Bitcoin rallied a bit during the session on Friday, but also continues to find trouble at the ¥320,000 level. If we can break above there, the market should continue to go higher, perhaps reaching towards the ¥350,000 level above. Pullbacks offer value that I’m willing to take advantage of, and I don’t have any interest whatsoever in selling as it is a very bullish market.
Thanks for watching, I’ll see you again tomorrow.