Bitcoin Price Prediction for April 29, 2016

Apr 29, 2016 --- (ARCHIVED) Free Reports

Market Commentary (BTC):  

So far, so good.  With bitcoin now pushing up against resistance at 450 $ following a shallow pullback around OKCoin futures settlement last night, everything looks right on track as far as the ProTrades and our rough roadmap for the next few weeks.  

While we still believe that the ball remains in control of the bulls, we are not so sure whether they are done accumulating this consolidation which means there could be some range-bound chop ahead.  That said, we do not expect the trendlines and support areas in the 425 - 430 $ range to breakdown, therefore we are just holding for the time being.

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