NEWSBTC: Bitcoin Intraday Analysis May 7, 2018: A Strong Pullback from $10k-Resistance
Over the weekend, the BTC/USD pair was successful in establishing a new weekly high just short of 10,000 dollars. But the upside momentum couldn’t sustain around here, and sell orders eclipsed the buy orders, resulting in the crash. In the meantime, Bitcoin also slipped below the 50 and 200 H moving averages, indicating a near-term bearish scenario.
WATCH OUT FOR A WARREN BUFFET MEME IN THE END. LET'S HAIL HIM!
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