Dear friends and fellow Steemers,
Bitcoin fees are falling with the adoption of the latest segwit. Though this is a minimal drop in fee price, it may trigger a strong reaction.
https://news.bitcoin.com/bitcoin-fees-are-falling-amidst-greater-segwit-adoption/
What will this do to bitcoin sentiment? It may bring more buyers into bitcoin.
Currently, bitcoin is dancing at the December 21st gap between $15,300 and $14,950 on the hourly chart.
The daily chart is trending towards the $16,000 and in only a couple of hours, bitcoins direction should become more evident.
Will it rise above or break through the gap or fail to push through?
While yesterdays high topped the December 29 peak, the next resistance level at $15,400 may be challenging.
Bitcoins 15 minute chart could break down to the $14,500 level or possibly even deeper into yesterdays rally.
disclaimer:
These are merely musings from an armchair quarterback. All information is speculation on my part and not to be taken as sound financial advice.
At any given time, I may or may not be holding the coins that I speculate on but will always try to remain objective.
KNOWLEDGE IS POWER
