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Hello and welcome to News BTC’s Market Outlook September 25.
Bitcoin slid slightly against the US dollar as the overall malaise in the market continues. Although we have fallen over the last couple of sessions, I still believe there is a significant amount of support just below, especially near the $3500 level. A breakdown below there would probably have the market looking for the $3400 level next, but I believe it’s only a matter of time before the buyers return.
Bitcoin also fell against the Japanese yen, but I see a significant amount of support near the ¥380,000 level, and it’s probably going to be an area where we will bounce from. Ultimately, the market should probably go towards the ¥440,000 level, and beyond that to the ¥500,000 level.
Thanks for watching, I’ll be back tomorrow.