(5/16, Sun) btc fell -6.3% with increasing sell volume in 4hr chart

in #btc3 years ago (edited)

Yesterday(5/15 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $49887, its lowest as $46563, its highest as $50646, its closing as $46757. Bitcoin rose for two hours after the start of Saturday, reached a peak, and then began to decline, breaking down at $49000 at 06:45, breaking down at $48,000 at 16:15, and breaking down at $47,000 at the last minute to close -6.3% down.

If you look at the 4-hour chart, the sell volume increases and the bitcoin price declines, and on the daily chart, the drop below 100MA is never positive. Dominance also ended at 40.7 and is still weak, while Ripple and Ada are rapidly rising. There is still an altcoin circulation buying market.

The FED members are expected to remark on inflation next week, and whether or not a bitcoin-related content will be included in Walmart's earnings announcement on May 18th. If there is an announcement that Wal-Mart bought bitcoin and use cryptocurrency as a payment method as rumored, it will be an opportunity for bitcoin to rise one step further.

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