THELOGICALINDIAN - Hello and acceptable to News BTCs Market Outlook June 20
BTC/USD
Bitcoin approved to assemblage initially during the day on Monday, but gave aback best of the assets as anon as we got abreast the $2600 level. This bazaar still looks a bit heavy, and at the actual atomic we are activity to charge to cull aback to body up momentum. The bazaar has been overbought for absolutely some time, and the contempo selloff may not be done.
BTC/JPY
Bitcoin additionally approved to assemblage adjoin the Japanese yen but bootless actuality as well. The ¥300,000 akin continues to action resistance, and I accept that a pullback is all-important to body up abundant drive to abide activity higher. I anticipate that we could bead as low as ¥250,000 yet again. Crypto currencies accept been overbought for some time, and this pullback is apparently activity to be looked at as necessary.
Thanks for watching, I’ll see you afresh tomorrow.
