Hello and welcome to News BTC’s Market Outlook July 20.
Ethereum chopped during most of the session on Monday, as we continue to try to build up the momentum to the upside. However, this looks like a market that’s running out of steam, so I would expect a bit of sideways action, perhaps with a slightly downward bias. Expect the $200 level to offer support though, and it could represent a buying opportunity. Alternately, if we break above $260, that should continue the upward momentum.
Ethereum markets went sideways against Bitcoin as well, as we hover just below the 0.10 level. If we can break above there again, I think the market will continue to go up in value. The 0.08 level continues to be very supportive below.
Thanks for watching we’ll see you again tomorrow.