Tracy Mayer: bitcoin is in perfect conditions

Trace Mayer, one of the largest bitcoin investorov, financed by a Kraken, Bitpay and Armory said that bitcoin price is in a "healthy uptrend" for the initiation of growth in the short term. If the fork SegWit2x was implemented according to plan, this would be a major negative factor in the development of bitcoin. However, its removal has eliminated the uncertainty regarding the medium-term performance of bitcoin and, most importantly, ruled out the possibility of a split chain to the end of 2017.

$BTC 🚂 in healthy uptrend. 200DMA $3,511 & rising ~$30/day. 200DMA market cap ~$60B & rising ~$500m/day. Wave of new users getting acquainted with technology. Great consolidation & high volumes. B2X trolls demolished by the economic mass of the distributed decentralized network. 🚀 pic.twitter.com/Zj6nhKWgcx

— Trace Mayer (@TraceMayer) November 10, 2017.

In this regard, a well-known bitcoin analysts, including myself Mayer, and Max Keiser, and Tom Lee portend an increase in the price of bitcoin to 8,000 USD by the end of this year.

The last few days the price of bitcoin has shown volatility, adjusted cost reduction koina from 7900 to 7200 USD (market average). Despite a significant correction and high volatility, Mayer said that bitcoin is in a better position to recover and make the next leap to increase.

Despite higher volatility, other market indicators bitcoin has improved. In particular, the volume of daily trading increased to 3.3 billion USD, approaching the figure of Apple — the most liquid stock on the ground.
the authorship belongs to:Alain Filippenkov | November 10, 2017