Bitcoin Price Prediction for April 4, 2016

Apr 4, 2016 --- (ARCHIVED) Free Reports

Market Commentary (BTC):  

Following what was a rapid break above near term resistance late on Friday afternoon, the price did absolutely nothing for the remainder of the weekend.  

So here we sit, just below the key 420 $ level but just above the 415 $ pivot point, all the time still showing signs of indecision at the technical level.  While there is no doubt about our commitment to the bull camp regarding a medium term resolution out of this consolidative period, we also think that shorter term the market is due for yet another test of the triangle bottom.  

​This should come as no surprise given the pre-halving 2012 chart we showed on Friday which should prepare everyone for a potential flatline for weeks, however this is not a preferred scenario just a possibility to be aware of.
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