Hello and welcome to News BTC’s Market Outlook April 14.
BTC/USD
The Bitcoin market was slightly negative on Thursday, as we continue to hover near the $1200 level. Currently, looks as if the market is taking a bit of a breather after the massive move higher, and this of course is typical of a market that is looking for its legs. Short-term pullback should find plenty of support near this level, and a break above the $1250 level should send the market higher and reaching towards the $1300.
ETH/USD
The ETH/USD pair had a strong session on Thursday, reaching towards the $49 level. It looks now as if short-term traders are coming into the market and buying short-term dips. There is a significant amount of resistance above, but the longer-term trend is most certainly with the buyers, so I must believe that we will continue to grind to the upside.
Thank you for watching and see you again Monday.
Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.
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