Bitcoin Aiming for a Big Comeback

In the last few days when after G20 meeting was organize, Bitcoin (BTC) is currently consolidating its gains as it hits resistance at the $9,200 price level. Rallying after hearing news that the finance ministers of the G20 are taking baby steps to regulate the crypto space, traders are waiting for more catalysts to fuel the next runup.

image in coindesk shows that it's supports levels are at $8,300 and $8,800 while resistance levels are at $9,200 and $10,000.

Is this the great comeback of Bitcoin? will it surpass $11,000 in the coming days? Is the December correction is over? A lot of Question has been told, yet there are still News and Regulation that might affect the bullish rise of the Bitcoin and other Altcoins in the Market.

• BTCPHP: 498,980 / 463,900

• USDPHP: 52.15

• BTC market cap: $154B

• Crypto market cap: $353B

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Bitcoin In Supported News:

1) 80 types of Altcoins is scheduled to be removed by Bittrex in there crypto exchange

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Due to Unpopularity and lack of investors to support with this altcoins, Bittrex decided to delisted 80 altcoins in there coin exchange to enhance the competitiveness of the altcoins being transact in the Bittrex Platform, even more some recognized named like FC2, GEMZ, and METAL, among others, is a bit of a surprise, although it makes sense for the some companies because of not working blockchains.

2) Google is soon to have a working Blockchain-Related Technology

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Google is one of the largest holders of information in the world. The decentralized approach is also beginning to support new online services that compete with Google to support its cloud business and head off competition from emerging startups that use the heavily-hyped technology to operate online in new ways. Distributed networks of computers that run digital ledgers can eliminate risks that come with information held centrally by a single company.

3) Twitter CEO Jack Dorsey predicted that Bitcoin will become the world’s single currency

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Dorsey said that Bitcoin will overtake the dollar in importance as it becomes the single global currency of the internet within a decade, It would happen "probably over ten years, but it could go faster.", but the fact that he insist that bitcoin isn't effective currency right now. There are newer technologies that build off of blockchain and make it more approachable," Dorsey said in the report.

4) Huawei is on the verge to develop a smartphone that will be able to run blockchain-based apps

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The Highly popularity of Cryptocurrency and Blockchain shock the global economy, bringing to the note even all appliances companies wanted to support its technology by bringing blockchain in their products. Huawei is in talks to license Sirin Labs’ Sirin OS, to run blockchain apps alongside the Android system. Representatives from Huawei and Sirin confirmed that the companies met, but declined to comment further.

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Notes and Disclaimer:

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• If you like what you read here, please consider follow me.

• Invest in bitcoins (or in any altcoins) only the amount you can afford to lose!

• Don’t put all your eggs in one basket. Spread your bitcoin and cryptocurrency investment.

• Before investing in any cryptocurrency, check the people behind it, its mission, and other details to ensure that they are worth investing for. Don’t invest in something you don’t know.

• This article is for informational purposes only and does not constitute an investment advice. Your actions are solely your own responsibility. There is no substitute for doing your own research.

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