Bitcoin : Update 02 May 2018
Hi Steemit Friend,
Bitcoin still trading in range between $8820 - $9500 in the past few days and recently the price settled around $ 9000. The price is moving slowly and less volatile, it’s indicate that Bitcoin still accumulating power before it’s starting moving higher or lower. Nearest support is at $ 8726 which can lead to around $ 7000 if price succesfully broke this support, on the oher side there are resistance at $ 9700 that need to be broken for price to go up to $ 11.6k.
Daily chart is showing correction will coming. Bearish engulfing candle was formed and after that price is trading below $ 9700 these all are sign of bull trend is weakening so you must keep an eye on price.
source: data.bitcoinity.org
Let’s See...
Disclaimer: This is not financial advice. I’m just giving idea, all trades it’s completely in your responsibility. Make sure you use trading management properly to avoid losses.