The controversial hard fork Bitcoin – SegWit2x – according to the official website of the project will be introduced on December 28th. The SegWit2x project, which caused months of debate and conflicts within the Bitcoin community, is to be carried out on block 501451.
The project’s founder, Jaap Terlouw, stated on his site that fork is supposed to deal with issues of speed and transaction commission in the Bitcoin network, adding that currently, Bitcoin is practically unsuitable for use as a means of payment. Confirmation that the fork will actually take place is indicated both in the action plan on the project website, as well as in the Terlouw words: “Our team will perform a hard fork Bitcoin, which was scheduled for mid-November.”
The founder also promised that in addition to the common practice of crediting BTC holders with equivalent new coin balances (B2X), they will also receive a proportional number of Bitcoins Satoshi Nakamoto as a reward for their commitment to development. The project’s roadmap includes features such as Lightning Network support, intelligent contracts and anonymous transactions..
Let’s now take a look at the Bitcoin technical picture at the H4 time frame. The market reversed from the level of $16.367 after three wave advance was made. The corrective cycle is continuing as the price is again dropping towards the local support at the level of $14,271. There is a high probability that the wave 4 will be in a shape of a triangle pattern.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Performed by Sebastian Seliga,
InstaForex Group © 2007-2017
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
We hope you enjoyed reading the above post. How about helping us share the information to your fans and friends on social media? Meanwhile, you can rely on us daily for the latest and relevant free forex trading signals, free forex trading market news, free forex trading technical levels, weekly Pool draws, latest news from Nigeria and the world, educational articles and quality academic information, insurance news and scientific knowledge.
Do you need a classical ORGANIST or an excellent music teacher? CALL Fabian on 08033983034 or email him at email@example.com
Follow us on twitter @newsbeatportal
Engage #SantexTech today to build & install inverters, training on inverters & other electronic designs, projects/kits. Call 08039574535
Click to join Talk Nigeria Today, a group where hot, controversial, and breathtaking issues are brainstormed upon.