Bitcoin confirmed reversal

Bitcoin strong support at around $6k level

Bitcoin reached it’s highest level on December 17, 2017 when it’s trading at $20,089.00. Then it continuously dropped to $6,048.26 on February 6, 2018. Four (4) days after it hit it’s low, Bitcoin (BTC) closed at $8,621.90.

Bitcoin chart — December 31, 2017 to February 10, 2018

However, the trend is moving upwards, but still need a strong break out around resistance level of around $9K before moving towards $13k.

We are on digital age, and technology will continue to evolve forward. And the evolution of money will continue to grow. Bitcoin and other cryptocurrencies have been the right and left topic, globally including the central banks, and other regulators.

The most brighter aspects I’ve seen so far, is the regulators are continuing to act / monitors all these developments and the need to protect us, the investing public.
Sooner if more and more people accepts these value for money, more and more will be involve to accept it hopefully as a legal tender.

But over the long-term, I think, global regulators will develop their own cryptocurrency that will be accepted globally as a legal tender.

However, I advise that let us all continue to monitor the progress of cryptocurrencies developments globally.

Disclaimer: I only express my own opinions, views, insights and research. Risk is always part of any investment vehicle. So I advised that you should also do your part to understand it before investing and always managed the risk involve in order to maximize your returns.

Acknowledgement: I’m very thankful to the Lord for all the blessings and challenges he has given me. I would also like to thank my family, friends, critics, fellow investors at all other people who help me finish this project.

Happy Investing!

Source: Coinmarletcap

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