Published on May 17th, 2018 | by bitcoin0
May 16: Price Analysis of Core Cryptocurrencies
St. Louis Fed president James Bullard said that Bitcoin could emerge as a possible competitor to the US dollar in the future.
All of these point to the increasing popularity of cryptocurrencies and the acceptance that the blockchain technology can be a game changer.
The long-term investors should welcome any fall in prices as it offers an opportunity to buy the digital currencies at a discount.
BTC/USDBitcoin has broken below the 50-day SMA after holding it for the past four days, which is a bearish development.
If the EOS/USD pair breaks below the 50-day SMA, it can decline to the next support at the bottom trendline at $10.