THELOGICALINDIAN - Hello and acceptable to News BTCs Market Outlook October 13
BTC/USD
Bitcoin rallied decidedly during the day adjoin the US dollar on Thursday. We accomplished appear the $5200 level, accepting a bit overextended. A pullback at this point would be a nice affairs opportunity, as we absolutely accept a lot of affairs burden underneath. However, you cannot hunt a barter like this, you accept to delay for amount to appear aback into the marketplace. I now anticipate that the $4900 akin offers a bit of a floor.
BTC/JPY
Bitcoin additionally rallied adjoin the Japanese yen, extensive appear the ¥580,000 level. I anticipate at this point, pullback is a affairs opportunity, and we should see a cogent bulk of abutment abreast the ¥550,000 level. Ultimately, this bazaar goes abundant higher, conceivably extensive appear the ¥600,000 level, as this blemish is significant. Bitcoin looks like it’s accessible to go higher, but attending for value, don’t jump in appropriate away.
Thanks for watching, I’ll be aback tomorrow.
