With August 9, Segregated Witness has finally completely locked down today. For now the network has to be very certain that all transaction are being done clear and stable. There is approx a month left until the installment of SegWit.
Litecoin continues to look a bit soft, but as I pointed out yesterday, we are hovering a major support level in the form of $46.50. The market is at roughly the 50% Fibonacci retracement level as well, and I believe this bodes well for buying on the debt
Hard talk in Bitcoin community between the opponents and proponents on the code change Segregated Witness (SEGWIT) , as this is a crucial technical milestone for Bitcoin community, culminated during this week.
Bitcoin price has formed one more uptrend wave. The rise in demand didn’t lead to the full-scale correction. That is why this trend is is relied upon to last.
By analyzing the chart and the new low we can see that the price is going to bounce from the 46.00 support level. By drawing an upward line which will be a support line for further upwards movement. RSI is going to confirm price reversal. We can use a breakout signal for confirmation of the upward movement and entry in the market.