Market Review. Results of the Day. Forecast for May

April 7, 2018


BTC $6595.17

ETH $366.71

XRP $0.4671

BCH $603.81


Technical analysis

Bitcoin broke down the support level of $6,600 and was trading in a narrow range of $6,500-6,600 today. If the movement downwards accelerate and breaks the support level of $6,000, then the price can fall to $1,500 by the end of May.


News review

 

It's official: Coincheck has been sold to Monex Group for approximately $ 10 million.

Tron (TRX) is believed to be listed on Coinbase on April 12th.

Alibaba Group sues Alibabacoin Foundation for deceiving users into believing that these companies are related, because they are not. 

Thomas Lee predicts a massive selling of bitcoin and other cryptocurrencies by April 17. This is the tax day in the United States. 

The Reserve Bank of India has banned all cryptocurrency transactions. It is believed that a national cryptocurrency of India to be launched soon.

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