THELOGICALINDIAN - Hello and acceptable to News BTCs Market Outlook May 03
BTC/USD
Bitcoin assemblage during the affair on Tuesday, breaking aloft the $1400 level. We are now at best highs, and it appears that the bazaar is still a “buy on the dips” blazon of proposition. However, accumulate in apperception that the $1500 akin will accept a assertive bulk of cerebral attrition congenital in. Because of this, cat-and-mouse for concise pullbacks will apparently abide to be a acceptable affairs action in this market.
BTC/JPY
Bitcoin of advance rallied adjoin the Japanese yen as well, affecting the ¥168,000 level. Because of this, I accept that this bazaar is activity to abide to see bullish burden and attractive at concise archive for pullbacks will abide to action value. As Bitcoin rises adjoin the Japanese yen, I accept that we will go attractive for the ¥170,000 akin next. Currently, I accept that the ¥160,000 akin should be supportive.
Thanks for watching and see you afresh tomorrow.
