Hello and welcome to News BTC’s Market Outlook July 31.
BTC/USD
Bitcoin rallied again that during the day on Friday, reaching towards the 2800 level. It now looks as if we’re going to make a move towards the 3000 level, but the short-term charts to find small pullbacks as you can use as value. As a bullish momentum increases, expect the $3000 level to give way, and be broken to the upside.
BTC/JPY
Bitcoin rallied against the Japanese yen as well, closing in on the ¥320,000 level. A break above their census market looking to the 340,000 in level and beyond. Pullbacks should continue to be supported down to the ¥280,000 level.
Thanks for watching, we’ll see you again tomorrow.