Hello and welcome to News BTC’s Market Outlook July 3.
The coin did very little against the US dollar on Friday, as we continue to grind sideways just below the 2600 level. Because of this, it’s likely that the market will continue to roll around in this general vicinity. With the Americans and Canadians celebrating independence holidays, it’s very likely that the volume may be a bit slow. However, the market seems to have more of an upward proclivity currently.
Bitcoin did very little against the Japanese yen as well, so having said that it’s likely that this market will also take a bit of a breather, just as we are seeing against the US dollar. However, looks as if the ¥280,000 level will continue to offer significant support. With that being said, it’s probably a market that will be very quiet over the next session or so.
Thanks for watching, we’ll see you again tomorrow.