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Hello and welcome to News BTC’s Market Outlook November.
Bitcoin rallied slightly during the Friday trading session, as we tested the $8000 level for support. By bouncing from there, it looks as if we are ready to continue to bounce around between the $8000 handle on the bottom, and the $8400 level on the top. Eventually, I anticipate that we are going to see the $8500 level tested.
Bitcoin rallied a bit during the day against the Japanese yen as well, testing the ¥925,000 level. The market has flattened out a bit, but it looks like the ¥900,000 level is continuing to offer a bit of support and possibly a springboard effect to the ¥1 million level is coming.
Thank you for watching, I’ll be back tomorrow.