CRYPTO NEWS : #BTC Update 11 05 2018

in #crypto • 6 years ago (edited)

#BTC Update

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Technical Wise We are Seeing #BTC forming a Head and Shoulder Formation and That's The Main Reason BTC Dumped to 8500 USD Area

8500 Having A Good Support, If Breaks Then 8000-8300
But 8500 is a Strong Support To Break Keep That in Mind

And So Far BTC Respecting This 8500 Support and Bouncing Off, But We Need to Wait for Few More Hrs. and Need to Keep Our Eyes on BTC Wheather it Breaks 8500 or Goes Up from This Support

Possible reasons behind the btc dump :

  1. Korea-Exchange Upbit FUD
  2. CME gap at 8550.
  3. Whales accumulation closer to "Consensus investors explosion" expected in a few days (14-16 may)
  4. Mt.Gox 8,200 BTC moved from his wallet. Possible sell-of affect BTC price.
#investing #busy #bitcoin #trading
6 years ago in #crypto by
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     6 years ago 

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