Bitcoin in the past few days has corrected itself from a low of 900$ to 1200$ . Bitcoin is right now testing the resistance and the psychological barrier .
But the thing is right now Bitcoin is in deep water and trouble with the debate about scaling of bitcoin going on where mining giants like Bitmain , AntPool , F2POOL are stopping segwit due to their own ulterior motives .
Mining Manufacturer are Blocking SegWit to Benefit from ASICBOOST and to have an edge over other mining giants such as bitfury .
Right now the price of bitcoin does not reflect what is going down in the ecosystem which is being corrupted by ego and money . Keeping everything in mind , Bitcoin should go down from here and correct due to the fact that breaking the psychological barrier would need bull news and solution to conflict of interest
@umichaelw, not right now , until bullshit gets solved
umichaelw
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@VerthagOG, thx for the reply (y)
lc_parente
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In my shit opinion the market is not giving a shit for miners opinion. As usual the free, unregulated, decentralized and undemocratic free market will lead the future of Bitcoin and Altcoins =) #Bitcoin #FuckTheGovernment
CoinDreamer
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I also think it will go down. I don't understand why so high now. Scale problem is not a FUD and no solution yet, it should stayed under 1k.
jazzbass33
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Well done,thanks...
Cryptolover
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Very nice chart and explanations.. Thanks @ VerthagOG