Those were the Dips you were looking for…Bitcoin re-enters $7,000 territory

It took less than 1 week for the Bitcoin price to go from a high of more than $7,5000, a tumble to $5,500 and a bounce back to over $7,000.  This represented an excellent opportunity to “buy the dip”.  The fire sale price was caused by the recent canceling of the Segwit2x Fork that would have created a 2x coin with larger block sizes for holding transactions.  The 2x fork was canceled due to lack of community support at this time.  The end result for the Bitcoin network is we really no change from where it was a month ago.  Is this the beginning of the climb to $8,000?  We think it just might be time to break the seal on 8k.

Where do you think Bitcoin will be by the end of 2017?

dipslookingfor

 

Are these the Dips you are looking for?

dipslookingfor

Bitcoin (BTC) has dropped approximately $1,500 in the past 4 days after the Segwit2x Fork was canceled.  This dip was anticipated by many chart analyst as the increase from $6,000 to over $7,000 was believed to be from the upcoming Segwit2x hard fork.  It is important to remember that Bitcoin first broke $6,000 at the end of October before running up to over $7,500.  We are now back to the value that was established in late October.

oct_rise_dip

So, is this the bottom of the dip before the climb to $8,000 or is there more consolidation needed first?  We believe there could be more consolidation between $5,200 – $5,800 before the climb to $8,000.  (Note -ProtectingCoin.com is not a professional financial advice provider so please complete your own research, this is only an opinion).

Trezor Model T coming in 2018

Trezor, the makers of the original cryptocurrency hardware wallet, announced plans to release the Trezor Model T (aka Trezor 2) in 2018.  A limited pre-order was offered and most sold out within 24 hours.  The pre-order batch will release in Q1 2018 with wide released expected later in 2018.  Follow ProtectingCoin.com as we will be getting some early samples.

The biggest change is the larger color touchscreen.  A firmware, built from the ground up, will also aid in faster development to add support for new Cryptocurrency coins in the future.

No MSRP has been provided yet but we will update as soon as one is listed.

Now enjoy a few shots of the Model T.