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.