The past two weeks are very historical for Bitcoin...this was the time when we saw a bloodbath for the cryptocurrency market. The official color became red as Bitcoin and other coins faced a great test of their resiliency and strength. Induced by that great fear for the possibility of a split in the Bitcoin network and the mess that can come afterwards, many Bitcoin holders converted their Bitcoin to cash and other coins.
Now, Bitcoin is already on the mode to fight back as we are already in the vicinity of $2,350 and because the split rumor is already dying down the value can now easily go up even up to $2,500 soon.
Is it time to party or should we still have to be cautious?
Bitcoin can be unpredictable ,its better that everyone stays cautioned and be alert because August 1 can be a big day for bitcoiners .Everyone is just hoping for the best and nothing to go the bad way . And I am happy that bitcoin recovered quickly, the moment when it hit the 1800-1900$ mark. Hope this could be a good news.