In 5th May BTCUSD is Unable to break $10000, and drop to the support level $8900, Main Reasons for BTC dumping are,
Technically, the BTC is now forming a Head & Shoulders Pattern, Which is a Bearish Sign. Fundamentally, 8,200 BTC Moved From Mt. Gox Wallet..Which is another reasons for BTC dumpig.
Now the price is bounce back from $8500 Level, Which works as a Support at this time.
If it breaks the $8500 Level, then the next support will be $8300..
Lets See , Where BTC is moving...
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