There's also huge resistance at the 1250 mark which prevents us from moving any higher than we are now. Until we solve the scaling issues and we get a little break from all the drama we are getting right now then it's unlikely we'll move forward.
Well Order books on digital currency exchange Bitfinex show a rise in the amount of sell orders closer to that level, This apparent resistance comes after the digital currency’s price set a fresh all-time high for the first time since late 2013, well if this continues we might fail in reaching that mark, While some analysts have given the proposed fund low odds of approval and at least one prediction market rates it at roughly a 50/50 chance
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