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Bitcoin price update analysis by alirajput

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· @alirajput ·
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Bitcoin price update analysis
https://248qms3nhmvl15d4ne1i4pxl-wpengine.netdna-ssl.com/wp-content/uploads/2018/05/bitcoin-futures-trading.jpg

Bitcoin price could be due for a drop as a double top can be seen on its 4-hour chart, it could fall by the same height as the formation, which spans $9,000 to $10,000.

https://s3.amazonaws.com/main-newsbtc-images/2018/05/09030849/180509_bitcoin-1100x670.png

Bitcoin (BTC)
$9,082.73 USD (-3.42%) 
1.00000000 BTC (0.00%)
Market Cap
$154,616,902,268 USD 
17,023,175 BTC 
Volume (24h)
$7,732,420,000 USD 
852,175 BTC
Circulating Supply
17,023,175 BTC
Max Supply
21,000,000 BTC

If the support zone between the 20-day EMA and $9,000 breaks, the BTC/USD pair can fall to the 50-day SMA at $8,500. Therefore, we suggest retaining the stops at $8,900.

**Disclaimer:**
THIS #ARTICLE IS NARRATED FROM DIFFERENT SOURCES  and is not intended to provide, #investment #advice. Please conduct your own thorough research before #investing in any #cryptocurrency.  

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