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Hello and welcome to News BTC’s Market Outlook July 4.
BTC/USD
The Bitcoin market rallied against the United States dollar, reaching towards the $2600 level. A break above there would be very bullish, as we are forming a bit of a wedge. I do believe in the uptrend, so once we break above that level I feel that the buyers will jump in.
BTC/JPY
Bitcoin rallied against the Japanese yen during the day, breaking above the hammer from the Friday session. If we can clear the ¥290,000 level, the market should then go looking for the 300,000 in level, and then even higher than that. Buying on short-term dips continues to be a viable strategy against the Japanese yen.
Thanks 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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