Nothing too exciting as Bitcoin continues to stabilize, test, and strengthen the current support zone. The price has recently crossed above the 50-day Moving Average and is resting below the 200-day Moving Average which is acting as a short-term level of resistance. We will need to see BTCUSD break above the 200-day and out of the downward Linear Regression Channel you see in the chart below.
BitcoinCash looks positioned for another price increase. Take a look at the BCH/BTC Chart below and you can see that BCHBTC has just broken the top of the Linear Regression Channel and retesting the top as support. I suspect BitcoinCash will perform well this season because whether anyone likes it or not there seems to be a dedicated community backing the project and putting their money where their mouth is, so I can't even hate.
Notable News
https://www.bloomberg.com/news/articles/2018-05-09/bunkers-for-the-wealthy-are-said-to-hoard-10-billion-of-bitcoin
https://www.ccn.com/facebook-taps-coinbase-board-member-to-lead-blockchain-initiative/
https://www.ccn.com/put-your-money-where-your-mouth-is-winkelvoss-dares-bill-gates-to-short-bitcoin/
https://www.ccn.com/bitcoin-price-decline-driven-by-q4-futures-launch-fed-researchers-claim/
https://www.ccn.com/nyse-isnt-planning-a-bitcoin-futures-market-but-a-proper-crypto-exchange/
