Bitcoin Price Prediction for April 22, 2016
Apr 22, 2016 --- (ARCHIVED) Free Reports
Market Commentary (BTC): Following a high print of 454.50 $ yesterday, the market has since pulled back to the mid-440's $ for some consolidation of the recent move to the upside.
Given that the short to medium term momentum indicators have been overbought for some time, and seeing as though there are now a lack of fundamental catalyst in the immediate future, we think the market could chop around on either side of the 450 $ level for at least the next few days. This would clean-up the technicals and allow traders to re-enter at slightly better prices, both of which are healthy for a newly emerging bull market.
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