Bitcoin resting at just under $6,000 per coin after recent rise

Bitcoin $BTC, after another strong rise to new all time highs, is taking a breather and is now resting at around $5,800 per coin.

If one takes into account the value of Bitcoin Cash $BCH, then anyone holding before the recent ‘hard fork’ split is now holding over $6,180 worth of coins.

 

 

 

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Where next for Bitcoin?

 

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Bitcoin $BTC, after another strong rise to new all time highs, is taking a breather and is now resting at around $5,800 per coin.

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If one takes into account the value of Bitcoin Cash $BCH, then anyone holding before the recent ‘hard fork’ split is now holding over $6,180 worth of coins!¬† One wonders if this rise can continue, and if so, what will be the next driver?

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Well there is the Segwit2 “hard fork” coming, possibly in November, and this seems to be casting some uncertainty over the crypto community. Segwit2 is quite complex to understand, but there is a good article written about this and the uncertainty that is causing in the market at present, which can be accessed¬†by clicking HERE

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So, we could possibly have TWO contenders for the title ‘Bitcoin’, with the exchanges waiting to see which one achieves dominance before awarding the title to either one of two opposing factions!

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That seems about as clear as mud, and I do wonder whether this will impact the price in the short term or not?

 

 

 

 

 

 

 

 

 

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