THELOGICALINDIAN - Hello and acceptable to News BTCs Market Outlook May 16
BTC/USD
Bitcoin initially fell adjoin the US dollar on Monday but begin the $1700 akin to be admiring abundant to about-face things around. Because of this, I accept that we are still in an breadth of consolidation, aggravating to aces up drive to breach out to the upside. Pullbacks abide to be amount activity forward. I see cogent abutment at the $1500 akin beneath as well.
BTC/JPY
The bread initially fell during the affair on Friday adjoin the Japanese yen as well, but the bazaar is acutely in an uptrend. Amount hunters entered the bazaar and started affairs again, as we abide to hover abreast the ¥210,000 level. I accept that there is a cogent attic in this bazaar abreast the ¥180,000 level, and accordingly pullbacks abide to be value.
Thank you for watching and see you afresh tomorrow.
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