THELOGICALINDIAN - Hello and acceptable to News BTCs Market Outlook July 14
BTC/USD
The Bitcoin bazaar adjoin the US dollar rallied hardly during the day on Thursday, but we abide to acquisition attrition aloft the 2400 level. If we do abide higher, the bazaar will go to 2600 accustomed abundant time, but currently it looks as if we are activity to attempt and conceivably cull aback to acquisition abutment underneath, abnormally abreast the 2250 level.
BTC/JPY
Bitcoin rallied during the day on Thursday, but begin abundant attrition aloof beneath the ¥280,000 akin to about-face around. Ultimately, the bazaar is acceptable attractive to cull aback and acquisition added support, which I anticipate can be begin at the ¥260,000 level. If we breach bottomward beneath there, the bazaar should again go bottomward to the ¥240,000 level. Currently, looks as if the bazaar is aggravating to body up drive to assuredly resume the uptrend. However, I anticipate we may accept to delay a while afore that happens.
Thanks for watching, I’ll see you afresh tomorrow.
