Bitcoin Price Prediction for April 18, 2016

Apr 18, 2016 --- (ARCHIVED) Free Reports

Market Commentary (BTC):  

What appeared to an exciting beginning to a potentially wild weekend once again petered out before even getting started as resistance between 435 - 440 $ proved too heavy to overcome (this time).

Now price is slowing creeping back down in to support as it has so many times during this consolidation, while momentum and trend correct back down to more favorable levels.  That said, given the fact that none of bitcoin's moves out of the current trading ranges/triangles have created much of a stir in either direction, and the fact that there is still an absence in fundamental catalysts for the time being, we think the sideways and choppy market action we have seen for months could persist for even longer than previously expected. 


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