Bitcoin Price at a Crossroads: Full Retrace or Breakout Above $640?
Despite the fact that volatility picked up early last week on a rally above $615, since the breakout the market has settle back into its old, stagnant ways. We think it is a good sign for the longer term health of the market that price has been able to stay above near term support, however the technical outlook remains unfavorable for now. Bitcoiners got more good news concerning scaling this weekend as the SegWit code has now been fully tested and is ready to deploy in the next Core update (set for mid-November). While we may not see the benefits from it until later this year or early....
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