hello steemians how are you
hello I am not posted anything in sunday but i have one my eye on crypto charts i saw Bitcoin gained just 0.69% on Sunday, following Saturday’s 4.74% rally, to end the day at $9,409.4. The weekend’s positive moves saw Bitcoin log a 7.03% rise for the week, Monday through Friday, trailing Bitcoin Cash by quite a margin.
in morning bitcoin saw trading at $9,565.1 saw Bitcoin fall short of the day’s first major resistance level of $9,645.27, bucking the trend among the other majors, with Bitcoin continuing its struggle to move through to $10,000 levels.
now bitcoin have a support of $9,180. and bitcoin use it for is pullback .
Bitcoin managing to avoid falling back through to sub-$9,000 levels for the first time since Tuesday.
With the day’s first major support level of $8,895.27 and 23.6% FIB Retracement Level of $8,996 left untested, the bullish trend continued in spite of the stiff competition from Bitcoin Cash that continues to see increased support and adoption.
so now whatafter the overvalutaion of in 2017 Bitcoin’s short comings have certainly not led to a shift in appetite to altcoins that have more to offer in the real world, though one does wonder how long Bitcoin has left at the top with the growing adoptions of the likes of Bitcoin Cash, Litecoin and Ripple’s XRP to consider.
With Bitcoin’s value, mining support will certainly continue until the remaining 20% of the unmined coins have been mined and not hiteing hit the cryptoworld. What happens after that will be anyone’s guess, but logic suggests that support for the network could have an untimely demise barring enhancements to the protocol that improve its offering, particularly Bitcoin’s block size that continues to obstacles its usage as an alternative to fiat money.
we need to have patience and wait and watch and need to be what happen