Considering that the total crypto market capitalization virtually doubled in the month of April, it wouldn't alarm me if we see a short-term correction before prices climb again. It seems very possible that Bitcoin could retest prices around $8700, especially since that would represent a .382 retracement of the price movement that began on April 9. In order for this to happen though, BTC will have to break below its current support ~$9000.
What are your thoughts?
RE: Bitcoin and Litecoin in 2018- Some Perspecive