Well guys we had our scare this past weekend but it looks as if Bitcoin is again on a bull run today. It looks like we have averted disaster and there will be no hard fork on August 1st. As you can see on the graphic below, BIP 91 has achieved its 80% adoption goal.
To play devil's advocate, you can see below that a double top pattern has started to form. However, I believe that if Bitcoin can break through some resistance around $2550 and $2600. Then buyers will continue to dominate and push the price up to $2700.
The near future of Bitcoin looks much better now that we will be avoiding a hard fork. This is a great time to invest in some smaller coins that took a hit when Bitcoin did. My personal favorite altcoin that I will be heavily investing in is Ripple. Ripple is trading at about $0.18 right now. Just a month ago Ripple was trading above $0.30 . This is a great time to get involved in Ripple and take part in some of the profits that will start to take place after August 1st.
I would love any feedback or discussion topics about anything Crypto related! Please follow for more posts in the near future and I look forward to hearing from you all.