Reason to trust

How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
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.