Bitcoin Price Prediction for 3/4/2016
Mar 4, 2016 --- (ARCHIVED) Free Reports
Market Commentary (BTC):
As expected the market has continued to chop around between near term support and resistance while players position for a larger move out of the current trading range. While we are not expecting such a movement to materialize in the immediate future, we do want to make sure that we are prepared to take advantage of it when it does occur.
On that note, both the technicals and the fundamentals continue to indicate that yet another leg to the downside to test the 400 $ level is likely, although it may take some more time given current market conditions. That said, we would still be buyers down in that area for the next move to the upside, even if only back to the top of the daily triangle.