Reason For Bitcoin Dumping Hard

In 5th May BTCUSD is Unable to break $10000,
and drop to the support level $8900,
Main Reasons for BTC dumping are,

Technically, the BTC is now forming a Head & Shoulders Pattern, Which is a Bearish Sign.
Fundamentally, 8,200 BTC Moved From Mt. Gox Wallet..Which is another reasons for BTC dumpig.

Now the price is bounce back from $8500 Level, Which works as a Support at this time.

If it breaks the $8500 Level, then the next support will be $8300..

Lets See , Where BTC is moving...


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