Reason to trust
How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Hello and welcome to News BTC’s Market Outlook June 30.
BTC/USD
Bitcoin tried to rally against the US dollar during the Thursday session, but rolled over a bit as the $2600 level continues to offer resistance. However, break above that level is a bullish sign and could send this market looking for the $2800 rather quickly. We still maintain a bit of a bullish look to the market, so therefore believe the pullbacks will find support between here and the $2400 level.
BTC/JPY
Bitcoin fell during the session on Thursday against the Japanese yen as well, testing the ¥280,000 level. That area begins a significant support barrier though, extending all the way down to the ¥260,000 handle. With this being the case, I’m looking for short-term dips as buying opportunities, and a move to the ¥300,000 level looks to be a real possibility
Thanks for watching, we’ll see you again Monday.
