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Daily Crypto Price Analysis (Bitcoin May 8th, 2018)

Bitcoin is moving sideways for the last two weeks after that nice move up last month, so the price can now be in wave 4 that can be unfolding a three-wave EW flat correction down to 38,2% Fibonacci retracement and $8400 level. If the price continues sharply higher, then we may consider that wave 5 is already on the move towards the $10000 level.

 

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