Bitcoin Attacks, Cracks, Breaks Key Resistance at $8,000

Bitcoin Attacks, Cracks, Breaks Key Resistance at $8,000

Bitcoin Attacks, Cracks, Breaks Key Resistance at $8,000

$BTCUSD

Bitcoin’s Bull Run shows no signs of abating, with the world’s largest cryptocurrency defying fears marking another milestone.

Bitcoin is trading at $8,224.9951, + 202.06 or 2.52%

It has been a strong year for the largest cryptocurrency, with 3 corrections of more than 25%, all giving way to subsequent rallies North.

Recent volatility has stemmed from a pickup in people switching to alternative virtual currencies, notably Bitcoin Cash. That’s gaining popularity due to lower transaction costs and faster speed.

Also, new cryptocurrency iterations are springing up as disagreements over Bitcoin’s design persist and opportunities for making fast money have proven hard to pass.

Bitcoin Cash advanced 1.7 percent on Monday to trade at $1,195, down from a high of $1, 388 on 12 November.

Bitcoin has advanced more than 700% this year and now boasts a market value of more than $130-B now and climbing.

The Big A: We wait, We see.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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