Bitcoin Price Prediction for April 25, 2016
Apr 25, 2016 --- (ARCHIVED) Free Reports
Market Commentary (BTC):
More new local highs came in over the weekend as 460 $ was finally broken to the upside to get us back up into longer term historical resistance.
Since the 464.99 $ high, price has been pulling back smartly in typical bull flag fashion in order to clean up the technicals and give traders an opportunity to re-enter at slightly lower prices. Despite the idea that we think there are a couple of different paths the market could follow this week as a consolidation plays out, they all end in yet another push higher to test the next resistance area we have been mentioning for months.
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