FX.co ★ Bitcoin analysis for April 16, 2018

Bitcoin (BTC) has been trading sideways at the price of $8.030. Bitcoin in Brief today is slanted toward a crypto winter slowly thawing, as Pantera Capital bets on a moonshot price point. Besides, the world's most popular decentralized digital asset has been forked more than a plate of good pasta; there's a growing list of countries who're less likely to nab your crypto profits; Yahoo! smashes rumors; and a good-hearted wager between bitcoin core and bitcoin cash partisans exemplifies how ecosystem actors should treat one another. Technical picture looks bullish.

Trading recommendations:

According to the Daily time - frame, there is a breakout of falling wedge and flat base, which is sign that buyers are in control. My advice is to watch for potential buying opportunities. The upward target is set at the price of 8.837.

Support/Resistance

$8.342 – Intraday resistance

$7.926– Intraday support

$8.837– Objective target

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