Bitcoin tops just below strong resistance at 8550/8600

Daily Forecast - 16 April 2018


Bitcoin tops just below strong resistance at 8550/8600. Unlikely but a break above 8700 can take prices as far as strong resistance at 9150/9250. A high for the day recovery is expected here.

Risks are to the downside with minor support at 8000/7950 then the best support for today at 7750/7700. On further losses look for 7550/7500, perhaps as far as 1 month trend line support at 7350/7300. A good chance of a bounce from here today.



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