This morning saw a push towards 8600s as we saw buyers step in to prevent the coming 'Death Cross' of the 50 and 200 daily moving averages. We expect this to be a short lived spurt of buying with more declines further ahead.
News:
Bitcoin 'Death Cross' Looms:
https://www.zerohedge.com/news/2018-03-16/crypto-suddenly-spikes-higher-bitcoin-death-cross-looms
South Lorea Planning To Formally Allow ICOs:
https://news.bitcoin.com/south-korea-planning-to-formally-allow-icos/
