Hello and welcome to News BTC’s Market Outlook June 21.
Bitcoin rallied just a bit during the Tuesday session, as we continue to struggle near the $2650 level. Because of this, I believe that the market will more than likely continue to try to break out to the upside, but I recognize that the recent volatility will keep gains somewhat small. Alternately, pullbacks could offer value as the $2400 level looks to be supported.
Bitcoin tried to rally against the Japanese yen on Tuesday, but continues to find a significant amount of resistance near the ¥300,000 level. Because of this, the market will more than likely continue to struggle, but if we can clear the ¥305,000 level, we could make a move towards the 320,000 level.
Thank you for watching, we’ll see you again tomorrow.