#Bitcoin continues trickling down, seemingly riding our #bear trend #resistance as a #support. I'm interested to see how #BTC will react once we reach our $7,500 level (blue arrow/line). Last time around, that support level didn't hold up...well...at all. Busted right through to our $5,900 level support. This support was extremely strong, and I wouldn't be surprise if we saw a retest of this level.
The value of Bitcoin has not disappeared, and more and more applications are being developed every day. Right now we are dealing with the next phase of struggles as past establishments try to maintain their strong holds. You see it with FaceBook and Google banning crypto ads. They built their empires on the internet and overthrew many previous power houses. Now, technology is taking a new leap, and their empires are being threatened. To add to the mix, #blockchain technology has the ability to overpower government control as well. This too will be fought in the next year. Call it the year of #regulation.
To all my hodlers our there, stay strong. To all my traders out there, stay vigilant. To all my hustlers out there, keep finding way to earn/grow more and more Bitcoin. For all my entrepreneurs out there, continue finding ways to implement blockchain into your business models. #Crypto is here to stay, find your place in it!