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 April 20.
BTC/USD
Bitcoin had a slightly choppy day on Wednesday, as we continue to hover just below significant resistance. At this point, looks as if short-term pullbacks offer buying opportunities as the market builds up momentum to continue to go higher. Longer-term, I have a target of 1300, but it may take several sessions get there. I also look for support near the 1240 handle.
ETH/USD
Ethereum had a very quiet session for most Wednesday, as we continue to hang about the $52 level. Nonetheless, it seems only a matter of time before we break above $53 and continue to go much higher. With this, it seems that buying on the dips will continue to be a viable strategy, as the $50 level below should be significant support based upon recent trading action.
Things for watching and see you again tomorrow.
