Market Cap:
$140.8B
BTC Dominance:
50.13%
btc:
$4000.81
eth:
$136.53
xrp:
$0.31
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BTCUSD Price Fundamental Outlook: Cryptos Finally Rally

OctaFX | Apr. 13, 2018
BTCUSD Price Fundamental Outlook: Cryptos Finally Rally

Bitcoin prices rose sharply today, showing that bullish sentiment has returned to the digital currency markets. What is the current price of the world's largest cryptocurrency? Take a look at this 13 April BTCUSD Price Fundamental Outlook.

13 April, OctaFX – The Cryptocurrency market finally moved higher this week, after spending much of the early trading week at depressed levels and confined to increasingly narrow trading-ranges.

Cryptos Finally Rally

The BTCUSD pair gained over ten percent, and surged towards the $8,000 level, while the second largest digital currency by market capitalization, Ethereum, made double-digit gains towards the key $500 level. The move was broad-based across the cryptocurrency market, with strong technical buying also seen in Ripple, Dash and Litecoin, as the alternative coin market staged a late-week revival.

13 April BTCUSD Price Fundamental Outlook

  • The BTCUSD pair remains bullish while trading above the $7,100 level, further upside towards $8,300 and $9,000 levels appears possible.

  • Should the BTCUSD pair move below the $7,100 for a sustained period, a deeper correction towards the $6,300 and $5,000 levels cannot be ruled out.

Disclaimer

This article about 13 April BTCUSD Price Fundamental Outlook was provided by OctaFX. It should substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

Also, speculative trading is a challenging prospect, even to those with market experience and an understanding of the risks involved.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.