ANALYZING THE BITCOIN PRICE TREND ON MAY 28, 2018

in bitcoin •  6 years ago 

The market is in a long-term downtrend from 20,000 to now and it's very complex.

On Daily Bitcoin Price Chart, the $7300 - $7400 price range is currently broken so the price will tend to go down lower support thresholds at $6300 - $6400 and then rebound to test the $7300 - $7400 previously price range , and then continue to dip. Therefore, based on our viewpoint, we had better exchange all coins to USDT and waiting for the plunge session to make disbursements and buy into, it would be more reasonable.

Coins in the TOP COIN such as NEO, LTC, ETH, BCC will be affected and we will update the points in the next price analysis reports.

In the next time, the price of Bitcoin can be adjusted to the price range is more balanced such as $7400, $6400, $4600. So be careful when making investment decisions.


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Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
BTCBitcoin7244.880$-1.11%-14.81%
ETHEthereum538.127$-8.04%-24.65%
LTCLitecoin114.225$-2.95%-17.13%
NEONEO49.911$-3.3%-22.26%
USDTTether1.000$-0.01%-0.11%

My opinion, Bitcoin will soon go up $9200 on June.

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