Buy bitcoin: BTC 1 = AU $ 
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Buy Ether: ETH 1 = AU $ 
Sell Ether: ETH 1 = AU $ 
Buy XRP: XRP 1 = AU $ 
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Buy Litecoin: LTC 1 = AU $ 
Sell Litecoin: LTC 1 = AU $ 
Buy bitcoin: BTC 1 = AU $ 
Sell bitcoin: BTC 1 = AU $ 
Buy Ether: ETH 1 = AU $ 
Sell Ether: ETH 1 = AU $ 
Buy XRP: XRP 1 = AU $ 
Sell XRP: XRP 1 = AU $ 
Buy Litecoin: LTC 1 = AU $ 
Sell Litecoin: LTC 1 = AU $ 
Buy bitcoin: BTC 1 = AU $ 
Sell bitcoin: BTC 1 = AU $ 
Buy Ether: ETH 1 = AU $ 
Sell Ether: ETH 1 = AU $ 
Buy XRP: XRP 1 = AU $ 
Sell XRP: XRP 1 = AU $ 
Buy Litecoin: LTC 1 = AU $ 
Sell Litecoin: LTC 1 = AU $ 
Buy bitcoin: BTC 1 = AU $ 
Sell bitcoin: BTC 1 = AU $ 
Buy Ether: ETH 1 = AU $ 
Sell Ether: ETH 1 = AU $ 
Buy XRP: XRP 1 = AU $ 
Sell XRP: XRP 1 = AU $ 
Buy Litecoin: LTC 1 = AU $ 
Sell Litecoin: LTC 1 = AU $ 

Bitcoin Weekly Analysis — 07/05/18

May 07 2018 · by Rabbi Ahmed
Category:  Market Analysis

Weekly technical analysis: 07 May, 2018

Bitcoin’s price has remained relatively stable over the last week. The market has been consolidating between $10,000 and $8,700 (see the yellow box in the chart above).

On the sentiment side, BTC has been absorbing good news, with big names like Goldman Sachs formally introducing themselves into the market.

Now, we are waiting for the market to show its hand. There are two possible scenarios going forward:

  • A break above $10,000. The market will then rally to the next liquidity zone above $11,800.

  • A break below. We have two support zones, the first being around the $8,070 region and the other at the $7,000 mark (see the green triangle in the chart above).

We’ll be back again next week with another update – stay tuned!

Please keep in mind that this technical analysis is for informational purposes only, and should not be taken as investment advice.


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