More companies are leaving BTC as the market shows it failed its proposal of becoming a new type of money. The blockchain still continue to grow and evolve, specially with the ETH development teams all around the world. We expect BTC, which is already obsolete, comes to lower levels than the new emerging and better proposals of virtual economic assets. Specially the ones that have real people (with faces) behind it, are not competing with the current economic system, but presents new technology proposals for money and assets exchange. 2018 is the year where Blockchain is gonna consolidate as the future of decentralized and bullet proof money exchange method.
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Even it takes more time than we predicted... we continue with the downtrend very strong and moving to the most obvious direction:
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New update on my analysis and things looks continuing to the downtrend direction. Specially because BTC is every day showing signs of weaknesses against regulations, environment efficiency (electricity), fees, speed, etc. Its an obsolete concept for sure and 2018 we will see many alt-coins presenting very good approaches to pursue a good and decentralized way of monetary system.
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Levels are continuing being reached and the 9K is approaching. Keep watching and following up:
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New lows and continuing... time to watch the next levels
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This is pretty much the most important news so far about cryptocurrencies trading market: coindesk.com/cftc-beefs-bitcoin-futures-review-process/ If this work is completed, the evil speculation is gonna end and markets will play more fair (and controlled) with the coins prices. We need that so badly.
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Down trend is continuing strong and all analysis indicates it will reach lower levels possibly coming to 3K in the next weeks. As per all things already said, it seems the market woke up the BTC is not the revolutionary unique platform for a currency, but there are others coming with better approaches and more safety. Even the decentralization concept is being reviewed, since some exchanges are being investigated for market manipulation and this is something natural when you don't have a trusted central source of data. Lets keep watching and hoping BTC is not the killer of blockchain and this so revolutionary concept continues growing with the new ones.