Bitcoin [BTC] vs US Dollar [USD] Thursday 24th May 2018 - Techical Anaylsis [BTFD]

BTC vs USD Thursday 24 May:

📉 Sell offs intensified yesterday as price action dropped below the $7800 level to touch down to a $7400 low. Twitter coverage and media have been overly bearish despite many bullish developments in technology. Coincedentally the BTC CME futures settle tommorow on the 25th.

🔔 Stochastics briefly went negative during the NY sell off yesterday, closing with a bullish divergence slightly higher then yesterdays low. Volume is up and market cap inflows are trickling in, up toa global cap of $338bn today.

In other news:

Tom Lee stands by his $25k BTC Prediction despite recent sell off - https://cointelegraph.com/news/tom-lee-holds-to-25000-bitcoin-price-prediction-cites-three-supporting-factors

Coinbase rebrands GDAX and buys out Paradex - https://www.coindesk.com/coinbase-launches-new-gdax-acquires-paradex/

Craig 'Faketoshi' Wright vs BTC Gold in Taipei. - Video with translation in comments

OP - https://twitter.com/Blockcampio/status/999193093520801792?s=19

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Disclaimer:
Please note that the above information is for educational purpose only and is not to be taken as investment advice. Other Cryptocurrencies are available.