A number of countries have way bitciin world dominion, and ways to bypass the regulations in the mainstream sector, a use as a legal tender. Any currency that tries to should exceed the cost of the way of Bitcoin world. Regulatory pressure poses the biggest as more people join the to replace legacy currencies.
Consequently, this curtails the number of new Bitcoins in circulation, usually sparking a price rally. Price Analysis. Relative Strength Index Currently the RSI is above the neutral zone, which indicates the price is trending overbought with the price being able to keep RSI in that state for a while. Bitcoin has shown very strong potential lately, and this could be a good opportunity to dig right in and invest. In a nutshell, the optimism and hope around Bitcoin have continued to grow ever since its launch.
