Personally I think that current situation represents shaking weak hands. Will see...
Even more weak hands? There seems to be an infinite supply of them, rather like Gox coins...
We are in bull market, golden cross has occured.
The golden cross occurs when a short-term moving average crosses over a major long-term moving average to the upside, and is interpreted by analysts and traders as signaling a definitive upward turn in price in a market. Once the crossover occurs, the long-term moving average is considered a major support level for the market from that point forward. Cross may occur as a signal of a trend change, but it more frequently occur as a strong confirmation of a change in trend that has already taken place.
So 250 USD is main support.
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