Hello and welcome to News BTC’s Market Outlook May 15.
BTC/USD
The Bitcoin market fell slightly during the day against the US dollar, but found enough support to turn around and look lively yet again. I believe the dips continue to be buying opportunities, and therefore I have no interest in selling. I believe that the $1600 level will be a bit of a “floor” in the market. With this being the case, I remain very bullish.
BTC/JPY
The Bitcoin markets fell slightly during the day on Friday, testing the ¥210,000 level for support. We turned around to form a supportive looking candle though, so I believe that the market still find buyers on dips. We certainly can’t sell this market so even if we pull back I believe there is plenty of support below to attract buyers.
Thanks for watching and see you again tomorrow.
