Cryptocurrencies: New Lows | Bitcoin and Ethereum Price Analysis | FINGRAPHS

As we had expected a couple of weeks back, Bitcoin and Ethereum have resumed lower and are now challenging symbolic support, around 30’000 for BTC and eventually towards 2’000 on Ethereum. We remain very prudent for now, as below these levels, there seems to be a vacuum in terms of support. Our timing suggests some support in late May / early June, a bounce into July/August and then further downside with probably new lows this Fall, Jean-Francois Owczarczak, Director, Management Joint Trust and FinGraphs.com.
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