Live stream of our Bitcoin market morning analysis for May 11, 2018
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I have had requests for a donation address, so here’s a few you can choose from if the mood strikes you. It is certainly not required nor expected, but always appreciated:
1N4TYN5fZSFTMZfa5MZVGzQCgaUuRJc4S9 for Bitcoin
LSeY2M7B7Ng3qNFMaTcEPW6yjH1P96avKD for Litecoin
D8HCgzqxsmbHtMUAq4Xy7ZFeXpmvkBDrZi for Dogecoin
1Dvd1dPwrmXUKbRWTaQ9kFBjyWuzj52jmk for BitcoinCash
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Bitcoin took a beating overnight, dropping to right around $8500 on Bitstamp. It looks like the bears finally felt confident enough to make a move after price failed to retrace above $9000. As we have continued to mention for weeks, $8500 is a potential bounce area. Will it or won’t it, is the question? Failure for $8500 to hold should see support continuing to build around $8150-$8200.
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