Hello and welcome to News BTC’s Market Outlook July 24.
Bitcoin fell a bit during the session on Friday against the US dollar, dipping below the $2800 level. However, by the time it was all said and done we did see some support. It looks as if we are going to continue to try to reach towards the $3000 level, and with that in mind I am a buyer of dips on short-term charts.
Bitcoin also fell against the Japanese yen as the ¥300,000 level offered a bit of a psychological resistance. However, it’s probably only a matter of time before we break above that level, so I am bullish of this market and think that a clearance of the ¥300,000 level should send this market towards the ¥310,000 level. Expect to see support near ¥290,000.
Thanks for watching, we’ll see you again tomorrow.