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