State of Mind - May 15th

New day on the crypto market!

Well the start of the session is rather positive as evidenced by the total market capitalization. Indeed, it was at 402 billion a little after midnight (UTC+2) and is currently at 408 billion dollars.

The Bitcoin is just below the $8700 level, and we hope that this one will be crossed very quickly. If this level is maintained, the BTC should go towards 9800$. As explained yesterday, the daily MACD seems to bend and land on the neutral line. We must of course wait for a confirmation, materialized by a daily MACD crossing, but it remains nevertheless a good sign.

If the resistance is not broken, a return to support at 8400$ is therefore not impossible.

Until we find out more, stay safe and use stop-loss guys!