The bitcoin price chart has regained some lost ground, yet the long-term chart shows the next rally has not been signaled, even as $1,750 swirls in the tea leaves.
From the analysis pages of xbt.social, earlier today:
Yesterday was an historic day not only for the UK, with the British people sacrificing the pound (dropping to its lowest level in decades) in defiance of the banksters and the oligarchy, but also a historic day for Bitcoin as SegWit was merged in the Core code repository. SegWit remains in developer testing and will be officially released – for wider testing – in an upcoming release candidate. Major benefits include lower protocol network traffic, less block space consumption, and the elimination of malleability. The outcome is that the Core code will run more efficiently and consume less computing resources (such as CPU and storage), thereby, allowing more users to run their own full validation nodes. The world’s largest super-computer, the best of modern coding plus decentralization and security gains.
There are currently no clear buy or sell signals in the chart and we stick with the longer timeframe 1-day candle chart.
https://www.cryptocoinsnews.com/bitcoin-price-segwit/
