Hello and welcome to News BTC’s Market Outlook June 30.
Bitcoin tried to rally against the US dollar during the Thursday session, but rolled over a bit as the $2600 level continues to offer resistance. However, break above that level is a bullish sign and could send this market looking for the $2800 rather quickly. We still maintain a bit of a bullish look to the market, so therefore believe the pullbacks will find support between here and the $2400 level.
Bitcoin fell during the session on Thursday against the Japanese yen as well, testing the ¥280,000 level. That area begins a significant support barrier though, extending all the way down to the ¥260,000 handle. With this being the case, I’m looking for short-term dips as buying opportunities, and a move to the ¥300,000 level looks to be a real possibility
Thanks for watching, we’ll see you again Monday.