BTC/USD and ETH/USD Forecast April 20, 2017

By Guest Author Apr 20, 2017 1:34 AM EDT

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Hello and welcome to News BTC’s Market Outlook April 20.
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Bitcoin had a slightly choppy day on Wednesday, as we continue to hover just below significant resistance. At this point, looks as if short-term pullbacks offer buying opportunities as the market builds up momentum to continue to go higher. Longer-term, I have a target of 1300, but it may take several sessions get there. I also look for support near the 1240 handle.


Ethereum had a very quiet session for most Wednesday, as we continue to hang about the $52 level. Nonetheless, it seems only a matter of time before we break above $53 and continue to go much higher. With this, it seems that buying on the dips will continue to be a viable strategy, as the $50 level below should be significant support based upon recent trading action.

Things for watching and see you again tomorrow.

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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