(Kitco News) - Wednesday, April 15 - April bitcoin futures prices are a bit weaker in early U.S. trading Wednesday, after hitting a four-week high on Tuesday. Bulls have gained momentum recently as overall sideways and choppy trading at lower levels could be bullish “basing” or “coiling” action that kicks off a price uptrend in the near term. Bulls and bears are now back on a level overall near-term technical playing field. See the important technical support and resistance lines on the chart. Wyckoff’s Market Rating: 5.0 (out of 10.0, with 1.0 being the most bearish and 10.0 being the most bullish).
