THELOGICALINDIAN - Hello and acceptable to News BTCs Market Outlook May 22
BTC/USD
The point assuredly bankrupt out adjoin the US dollar, allowance the $2024 akin on Friday. It now looks as if there’s boilerplate to go but up, and concise pullbacks will abide to action value. The psychologically important 2024 akin is aloof above, and I accept that traders will be gunning for that level. Support should be begin at the $1850 level, and several areas beneath there as well.
BTC/JPY
Bitcoin rallied adjoin the Japanese yen as well, breaking able-bodied aloft the ¥231,000 level, and attractive actual abundant like a bazaar that’s accessible to go abundant higher. Pullbacks should be supported, and I doubtable that the ¥215,000 akin should now action a bit of a attic in this market. This is a continued alone market, aloof as the BTC/USD brace is.
Thanks for watching and I’ll see you tomorrow
