Consolidation in full force.
Below the 4 hour chart.
Key numbers:
$15.600
$12.270
It is very harsh to entry between these pivot points, Better wait for a breakout oppurtunity above the pivot points.
Interesting news today from the financial sector:
Merrill Lynch, (part of Bank of America), said Bitcoin investments is to risky and they banned their financial planners in order to buy or sells BTC for their clients.
I think a ban to buy or sell a financial product is bad in general if it is a legal product which it is. Not?
2018 will be the year of challenges relating to scalibility for Bitcoin. With so many other options (Ripple is booming!) the market will not be pleasant. I still believe Bitcoin will be one of the biggest coins over the next years and will act more and more as a store of value instead of a day to day currency.
What are youre long term thoughts about Bitcoin and crypto competotors in general. Ethereum has its own litlle problems, but these problems will become bigger as more adoption will take place. Like every new technology developement is key and with main developers backing less Bitcoin it would be an interesting year, cause if Bitcoin jump the hurdle 6 digit numbers are within reacht before the next halving expected in June 2020.
Wish you all luck and invest / trade wisely with money you could afford to lose.
makeithappen