Hello and welcome to News BTC’s Market Outlook July 19.
Bitcoin initially fell during the session on Tuesday, but found enough support below the 2200 level to turn around and continue to go even higher. We are facing a significant amount of resistance in the form of the $2400 level though, so clearing that could open the door to the $2600 level. Because of this, if you did not take our advice at the $2000 level, you may be chasing the trade if you try to get in here.
Bitcoin fell initially during the session on Tuesday, but found support at the ¥240,000 level. The market then broke above the ¥260,000 level, which is a very bullish sign. However, there is quite a bit of resistance just above the ¥280,000 level, so to continue going higher we will probably have to pull back a little bit to build up momentum.
Thanks for watching, we’ll see you again tomorrow.