THELOGICALINDIAN - Hello and acceptable to News BTCs Market OutlookNovember
BTC/USD
Bitcoin rallied on Monday again, breaking able-bodied aloft the $8000 level, and came actual abutting to affecting $8200 in aboriginal trading. The bazaar is overextended, but we accept a cogent bulk of abutment extending bottomward to the $7500 level, so it’s actual acceptable that buyers will abide to jump into the bazaar on concise pullbacks, as we are starting to see addition abrupt leg higher.
BTC/JPY
Bitcoin additionally rallied adjoin the Japanese yen, and we are now bright of the ¥900,000 level. At this point, it’s adamantine to brainstorm that we won’t ability ¥1 million, and accordingly pullback should be advised affairs opportunities as we accept a cogent bulk of backbone in the market, abnormally abreast the ¥880,000 level.
Thanks for watching, I’ll be aback tomorrow.
