Hello and welcome to News BTC’s Market Outlook September 4.
BTC/USD
Bitcoin initially fell on Friday but fell to the $4680 level to find support. We did so and bounced significantly. Ultimately, I think that this market continues to be volatile, but I think that the uptrend is still very much in effect, and therefore I think that you cannot go against it. I believe that given enough time, we will reach towards the $5000 level.
BTC/JPY
Bitcoin initially fell during the session on Friday but found enough support at the ¥520,000 level to turn around and a rally significantly. I believe that a market going higher is a given, and dips continue to offer buying opportunities. With this in mind, I am a buyer.
Thank you for watching, I’ll see you again tomorrow.
Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.
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