$BTC
The market becomes very fragile near the ATH levels, which I think is the main reason why we saw yesterday's breakdown. Market broke down due to a news regarding huge number of $BTC being moved by the Mt. Gox into unknown wallets. However, we saw a clarification today that these transfers were routine ones, for the upcoming distributions planned by Mt. Gox. So there isn't much to worry about, except the fact that now negative emotions and FUD have taken over the emotional traders.
I strongly believe that the market rewards only the patient traders, and we should see a recovery soon. The monthly close is also nearing, May's candle is still green and is likely to close green, which would be a strong signals of a bullish trend. The emotional traders and panic sellers will likely be left behind.
For now we are retesting a critical support level i.e. 67k-68k. We should look for it to hold and to give us this month's close above 67k to confirm a strong bullish trend.
This is not an investment advice, readers should invest after doing their own research of the market trends. I do not take any responsibility of losses incurred to the readers.
