Welcome back for another update folks, looks like the SEC hearing was just a FUD news to bring prices down, BTC correction looks like it might just very well be headed down to 8500-8700 levels (200EMA support). However, on a positive note, Consesus 2018 will be happening on 14-16 May and it is expected that prices will shoot up during the Consensus, similar to previous years statistics! We will just have to wait and see. Meanwhile, BTC might still continue correcting for the next few days OR if it does fight a good support on 9k level and more buy volume come in, might head up to 9.2-9.4k to test resistance.
Shall just wait out and see how it turns out! Meanwhile, may the markets be with you.
Shall just wait out and see how it turns out! Meanwhile, may the markets be with you.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.