Bitcoin Price Prediction for 3/25/2016
Mar 25, 2016 --- (ARCHIVED) Free Reports
Market Commentary (BTC):
In typical bitcoin fashion the market did almost nothing overnight last night during OKCoin futures settlement, the opposite of what most participants were expecting.
Despite the fact that shorts continued to build positions going into the event, price barely moved from its 415 $ pivot point which is still proving to be rather important. This tells us that there is tremendous sideways pressure being put on the market that will magnify the eventual resolution out of these consolidation triangles on all relevant timeframes.
Also keep in mind that we are going into a weekend, a period that historically was not all that significant, however recently has been when the action occurs so keep a close on the the markets over the next few days.