Bitcoin Price analysis 19/05/2018
The total market capitalization of crypto currency has record another major pullback today failing from 435 BlN to 368 BLN, the price of bitcoin continue his pullback during this week failing from 8800 USD to 8120 USD today, for me even with the positive news in the market, and all the development that has happen in the crypto markets, this markets have not manage to post new profits for investors, this is due to differants reasons, the first reason is the fact that peopele have lose faith in crypto currency, also the mainstream adoption of crypto currency will not happen yet, due to the fact that the majority of people don't understand the blockchain technology .
Bitcoin :
Bitcoin hold a strong support level around 7900 USD, and now bitcoin is traded around 8210 USD, it is advised to buy right now from 8210 USD to 8250 USD, take profit around 8900 USD to 9100 USD, keep a stop lose around 7900 USD .
Bitcoin Chart from Coinmarketcap
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