Crypto Trader Daily – 10 April 2015

Price Action

Kerrplunk was the sound Bitcoin made as it careened through $240 to $231 on Bitfinex. It looks as if the rout is over, but you can never be sure in Bitcoin. If $230 can hold over this weekend, a possible local bottom will have formed and a push higher can begin anew.


Trade Idea

To play a rebound in prices, buy XBTJ15 with a target of $250 on the futures price.


In the News

GAW Miners Sued for Breach of Contract (CoinDesk)

PayPal Now Allows Its Merchants to Accept Bitcoin Payments (Coinspeaker)