Bitcoin back on the Rise!
Hey guys,
Looking at the Charts, Bitcoin has started taking off from a pendulum into a bullish pattern!
Prices have increase 10% this week, following it's bottom!
Sitting at 7500USD$ as we speak, it's hard to believe a few months ago we were at 1800USD$!
Starting to look like the Bitcoin Cash fiasco has officially stopped the bleeding, Bitcoin Main is back on track towards peaking!
Hopefully we'll reach our ATH in the near future.
Keep a look out for the Volume, Good news is awaiting us for the holidays.
Do you believe the P2P transition will stick?
Will the king hold its throne?
Happy Hodling!
It hit its all-time low of $ 5,426.00 on Sunday, its lowest since October 25, down nearly 32% from its peak of $ 7,888 on Wednesday.
Of course, Bitcoin is known for trading volatility and it tends to rebound quickly. It seems however that Bitcoin Cash is in competition with its motto "mother" in the stakes of volatility.
Trace Schmeltz, a partner at the Barnes & Thornburg LLP offices in Chicago and Washington, DC, a cryptocurrency observer, notes that it is not surprising that Bitcoin Cash is making rapid progress:
What was at the origin of the Bitcoin Cash rally?
https://steemit.com/bitcoin/@tighilt/what-was-at-the-origin-of-the-bitcoin-cash-rally
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