Bitcoin's Latest Price Prediction April 14, 2018

Bitcoin Price Prediction April 14, 2018. Consolidation days are usually considered healthy during the downtrend (as we have here since Jan.2018). After several days of consolidation between $ 6600 to $ 7000 and around the 50 day moving average line (marked in purple), Bitcoin forms the following triangular structure:

Usually these triangles, when they break up, do not turn to the main trend. Which in this case, a higher change we will see a broken triangle, instead of breaking up.

Fundamental conditions such as uncertainty and panic about a possible attack in Syria could have pushed Bitcoin up.

Overall, the $ 6,600 area is still where the main support lies, in addition it lies in the $ 5,900 zone which is the lowest since February 6th.

A breaking up of a triangle of about $ 7,000 could lead a bullish move to the next resistance area at $ 7,350, and then an important resistance level at $ 7,800 where the MA-200 is located.