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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

BTC/USD and ETH/USD Forecast April 11, 2017

newsbtc
newsbtc
1 year ago
1 min read
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Hello and welcome to News BTC’s Market Outlook for April 11.

BTC/USD

Bitcoin continues to grind higher, making a fresh, new high during the session early Monday, but quite frankly we are starting to get a little bit exhausted as volume drops off. A pullback is more than likely, but this pullback should be seen as an opportunity to pick up “value.” Alternatively, a break above the top of the range for the session is bullish but there is significant resistance at the $1250 level above, ensuring that the move higher will be difficult going forward.

ETH/USD

Ethereum continues to drift sideways overall, as we hover near the $44 level. Currently, it looks as if the market is strongly supported at the $40 handle, but equally is resistive at the $45 level. Short-term “buy on the dips” opportunities may be presenting themselves in this market over the next several sessions. Looking for longer-term use this point is probably asking a bit too much in a market that needs to consolidate after the huge impulsive move higher during a previous couple of weeks. Thank you for watching and see you again tomorrow.

Thank you for watching and see you again tomorrow.

 

 

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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