BITCOIN NEWS AND INFORMATION
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VISA FULLY ADOPTS BITCOIN AMID BITCOIN ATTAINING ALL TIME HIGH by E. Okorie, 20th of December , 2020
The multinational financial service Visa has fully adopted Bitcoin in it's card platform. The Visa debit and credit cards now have various features for individual to use their card and withdraw from various terminals such as ATM (Automated Teller Machines) and POS (Point of sale) terminals. Various organizations such as Coinbase, Binance, Bitpay, and Fold now issue Visa debit cards to individuals on request with enticing benefits either as cashbacks in bitcoin or full bitcoin card use.
In a related development, bitcoin makes another all time high. The price of bitcoin throughout December has been bullish surpassing the previous all time high of $19,783 in 2017 to a new record of $24,122.67 . Bitcoin analyst are optimistic that bitcoin bullish trend will still rise and hit $26,000. This target is equivalent to 38.2% Fibonaccii extension level of the previous high. Bitcoin is currently in the overbought region which is where it historically makes its all time high. We expect bitcoin to have a strong resistance here ($24,140) due to the various reasons.- Uncharted region, Speculation on future rise in crypto currency and panic selling sprees in over bought regions, Stable but falling bitcoin difficulty over the last 14days (technically, Bitcoin difficulty rise when it appreciate in value over a period of time)
The various key support levels are $22,000 , $20,000 and $17,300. A downward break of $17,000 will trigger bearish sentiments.
Although not all Visa card has the function of using bitcoin, Visa has clearly shown it's adoption of bitcoin in it's platform and depits the widespread acceptance of bitcoin in our community.