Bitcoin Price Prediction for April 11, 2016

Apr 11, 2016 --- (ARCHIVED) Free Reports

Market Commentary (BTC):  

Another weekend, another washout.  Although this particular move was more shallow than other weekend moves we have seen over the past few months, it was enough to stop out traders between 415 and 420 $.  

A tag of 412 $ was quickly rejected on Friday following news that Shapeshift was hacked but no customer funds were lost, and more rumors about Craig Wright being Satoshi were swirling around.  

Now, price is back above 420 $ and is slowly pushing up into what has been heavy resistance for many weeks at 425 $.  A move above there would likely mean we see the 430 $ area in short order, but we will need to get above the regional 431 $ high before we can consider this a true medium term breakout.  The waiting game continues.

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