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BTC/USD and ETH/USD Forecast April 14, 2017

newsbtc
newsbtc
1 year ago
1 min read
btc

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Hello and welcome to News BTC’s Market Outlook April 14.

BTC/USD

The Bitcoin market was slightly negative on Thursday, as we continue to hover near the $1200 level. Currently, looks as if the market is taking a bit of a breather after the massive move higher, and this of course is typical of a market that is looking for its legs. Short-term pullback should find plenty of support near this level, and a break above the $1250 level should send the market higher and reaching towards the $1300.

ETH/USD

The ETH/USD pair had a strong session on Thursday, reaching towards the $49 level. It looks now as if short-term traders are coming into the market and buying short-term dips. There is a significant amount of resistance above, but the longer-term trend is most certainly with the buyers, so I must believe that we will continue to grind to the upside.

Thank you for watching and see you again Monday.

 

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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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