And closing in on 26k closer by the hour. It is falling at this moment, down to 25614 as I write this. One BTC investor "the chief executive of financial advisory group deVere, Nigel Green" has sold at 25k suggesting that "...it should now be treated as any other investment—that’s to say, where possible, it’s better to sell high and re-buy in the dips." - SOURCE
How low will it go?
A quick look at the books suggest it could trade as low as 25400 and as high as 29800 but that changes quickly as traders place bets all over the place. It can be hard to tell where it will go but I don't see any reason to say it won't break 26k today.
According to CoinMarkets.Today the overall market capitalization of BTC is 68.76%
Bitcoin breaks VISA's market cap
"Cuy Sheffield, the senior director and head of cryptocurrency at Visa, said:
"Digital currencies have the potential to extend the value of digital payments to a greater number of people and places. We're excited to work with innovative Fintechs like Wirex and enable their customers to use digital currencies at more than 61 million merchants on the Visa network.""
This is the beginning of mainstream adoption.
25k is just the beginning. There might be a pullback but also likely that Bitcoin will simply trade higher and higher, dropping hundreds or thousands in a day, but technically becoming more stable.
I suspect most of these 'financial advisors' are only beginning to learn what this dragon really is.
Nigel Green is probably sweating after selling half his Bitcoin.
It seemed obvious that 26k was in sight
And it just kept on going higher
