Bitcoin continues to fall

The second day of the main event in the world of crypto-currencies the New York Conference Consensus 2018 has come to an end, and the growth of the main crypto currency bitcoin is never seen. Bears have firmly slammed the trap for 9000 and now, continuing the meal, press the bulls to the next local resistance level in the 7850-7950 zone. Probably the other day, and this level will not stand, and then we will wait for a sharp flight to the mark of 7000 to the low of the beginning of April, where the storm began, but we must say short-term local growth of the main crypto currency. And then, after this mark is successfully passed, and the bulls will again be in the pen of minimums this year between six and seven thousand, and the most important bearish feast begins. The main dishes for distribution will, of course, be succulent beef steaks with blood on six thousand, and the delicatessen bull eggs for 5,500-4,800 will be delivered to the Grand Finale.

And what about such an important and desirable for the bulls mark of 10,000? Two words in response: it is not.

With the younger brother aether, the picture, respectively, is similar. Large bears here also caught small and fragile young bull-calves, slamming the trap on eight hundred, and also with great pleasure will begin their bloody meal first at six hundred in the very near future, and then continue it and on five hundred with a slight delay, and after and on all four hundred the same minimums of this year. And this is only on the threshold of the main distribution. Together with it, with the removal of the main dishes for the orchestra from the bulls-thumping and wild bearish dances, we are waited for a dessert for three hundred and the same and sweet cherry on the cake for two hundred to the denouement and the general bearish "Grand Finals".

Of the main events from the news tape in addition to the Consensus 2018, one can distinguish the statements of the FedEx leader that you need to apply blocking technologies, or you will be destroyed, and that James Patchett, the head of the New York Development Corporation, intends to make New York a block-hub. At the same time, the news did not have any impact on the current state of things on the generally bearish market.

ICBF Research and Analysis Group