THELOGICALINDIAN - Hello and acceptable to News BTCs Market Outlook Aug 23
BTC/USD
Bitcoin fell rather rapidly during the affair on Tuesday, breaking bottomward to the basic $3600 level. That is an breadth that is massively supportive, and if we were to breach bottomward beneath there, the bazaar would go abundant lower. We accept bounced aback to the $4000 akin above, an breadth that is massively supportive. Ultimately, I accept that the bazaar needs to bright the $4100 akin to alpha affairs again. If not, the bazaar will apparently accept a bit of a abrogating bent to it in the abbreviate term.
BTC/JPY
Bitcoin fell adjoin the Japanese yen as well, testing the ¥400,000 level. The ¥440,000 akin offers a cogent bulk of attrition activity to the ¥460,000 level, so it’s not until we breach aloft there that affairs makes sense. In the abbreviate term, we may get a little bit of a alluvion lower.
Thanks for watching, I’ll see you afresh tomorrow.
