In what seems the rocket you can't stop in the 2nd half of 2017 Bitcoin is once again breaking all time highs. As we get closer to the Bitcoin Gold ... handout? and the Bitcoin Segwit 2x hard fork it seems like this will be the norm for Bitcoin as we approach the end of the year.
It seems like just yesterday that Bitcoin was dropping to $3,200 and it seemed like the reign of Bitcoin maybe coming to an end. Bitcoin's market capitalization dropped from 80+% to just under 38% in June. Ever since then the price of Bitcoin has climbed from $2750 to just at or under $6,000 and it's market dominance has climbed to 60%.
The question seems to remain is that what's going to stop Bitcoin? Eth has some improvements that I think remain before the end of the year. Ripple and Lumens seem like they've had some really good news come out recently that has caused the price to increase.
If you look at the fib chart it looks like the next resistance level will be around $7,000 so if Bitcoin has enough strength that could be our next spot of resistance along with $7,500. $7,700 is actually the next resistance level on the fib chart after $7,000, but I think that nice round number of $7,500 will be a strong resistance.
Let me know your thought in the comments below of where you think Bitcoin is headed.