Bitcoin (BTC) Might Never Fall Below $10,000 After May 2018

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Bitcoin (BTC) dropped sharply in the last 24 hours as a strangled guppy was seen forming on the charts. This resulted in a quick move leading to a drop to $8500 level. It is no surprise that with a drop like this, the permabulls have gone silent and the bears can now be heard quite loudly with voices like, “This is the end of Bitcoin (BTC)” and “What if Bitcoin (BTC) never rises above $10,000 again?”. To a first time traders, these voices are a matter of life and death especially in circumstances like these. The knee jerk reaction in this case for most amateur traders is to panic sell resulting in heavy price drops which are dragged downwards as long as the panic selling continues and as long as the market makers know that the prices can drop further.

Read Further: cryptodaily.co.uk/2018/05/bitcoin-btc-might-never-fall-10000-may-2018/