BTC below $8000, Whats next

Words
136
Reading
1 min
Listen
Play
8y

Bitcoin touched $10,000 briefly on May 05, 2018 but could not maintain the momentum and what followed was a gradual decline with a few bounces. As of today, it has dropped more than 20% in last 13 days and touched $7911 on binance a few hours ago. It has been exactly 1 month since it broke above $8000

Screen Shot 2018-05-18 at 9.37.20 AM.png

The next support is at $7700, if that breaks then we will be likely to test $7000 but as i mentioned above that it has dropped 20% already we may see a small rally towards $9000 again as we have done so many times this year already. i am not keeping much in Tether so i am backing a bounce from here.

Disclaimer : This is not a professional investment advice, please do your own research before investing.

BTC below $8000, Whats next | Ecency