BTC/USD and ETH/USD Forecast April 13, 2017

Ticker

1 BTC = $35284.73 USD  (via Coinbase)
1 ETH = $1206.21 USD  (via Coinbase)
1 LTC = $140.22 USD  (via Coinbase)
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Hello and welcome to News BTC’s Market Outlook April 13
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BTC/USD

The Bitcoin market was a bit softer during the Wednesday session, but did end up finding support near the $1230 level. Short-term pullback should continue to offer buying opportunities, but I recognize that there is a significant amount of resistance above. I believe that the $1200 level below is the “floor” in this market, so therefore this becomes a “buy on the dips” type of market on short-term charts.

ETH/USD

Ethereum continues to hover just below the $44 handle. I believe that the market will continue to consolidate between the $40 level on the bottom and the $45 level on the top, the currently looks likely to reach for consolidation more than anything else as we need to take a breath after the massive move higher. The market is still very bullish, but after the massive move that we have seen over the last couple of months, it makes sense that the market will just knock around sideways for a while.

Thank you for watching and see you again tomorrow.

Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.

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1 CRYPTO

Crypto News & ICO Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $35284.73 USD  (via Coinbase)
1 ETH = $1206.21 USD  (via Coinbase)
1 LTC = $140.22 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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