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August 18th, 2017- In This Issue:

Bitcoin has been trading between $4,100 - $4,500 for the last several days.

This consolidation period is a good sign that another move to the upside is forth coming. We expect to see prices climbing to test $4,800 by Monday.  A breakout and close above $4,800 will be very bullish, and will give us a new target of $5500. Look for $4600 and $5000 resistance levels during next upside move.

That said if Bitcoin breaks to the downside and closes below the $4,000 support level we could still see $3,600. If it gets there we advise you to add as much as you can as we believe it will be last chance to ever buy bitcoin that low again.  The last few weekends have been big for Bitcoin,  let's see if we can make it three in a row.

Tell everyone you know and love about bitcoin, you will be doing them a tremendous favor.

Have them come to our site BitvestIRA to learn about the opportunity by watching the videos, reviewing our newsletters, give them the chance to make their own educated decision on whether to invest.

We assure you anyone who takes the time to understand the technology, the profit potential and has the money to invest will want to.

Do them a favor, share the wealth, they'll be eternally thankful..

Visit  BitvestIRA for information on using your IRA to invest in bitcoin at 20% below spot price. Or call us directly with any questions at 1-844-BIT-VEST (1-844-248-8378)

Bitcoin Price Breaks New ATH at $4,473, Surging Demand Amidst Economic Uncertainty
After a strong week-long rally, bitcoin price has achieved yet another all-time high at $4,473, as demand from institutional investors and traders continue to rise amidst economic uncertainty and global markets instability.

Some regions including China demonstrated a meteoric increase in demand towards bitcoin, with bitcoin price surpassing the 30,000 Chinese yuan for the first time in history, which is equivalent to $4,495.

In previous coverages, Cryptocoinsnews noted that many analysts from prominent financial institutions including Goldman Sachs and JPMorgan believe institutional and retail investors are shifting away from stocks and gold to bitcoin. Wall Street strategist Tom Lee said on CNBC that bitcoin will likely become the best performing asset and currency by the end of 2017. With the recent rise in bitcoin price, the prediction of Lee has become more realistic, as even with a 50 percent decline in value, bitcoin will still remain as the best performing asset in a yearly basis.

Legendary Bitcoin Trader "masterluc" Predicts $15,000 Bitcoin This Year

Ask any oldtimer, and you'll find that masterluc is something of a legend in the Bitcoin community. His main claim to fame is that he called the top of the November 2013 Bitcoin bubble and the subsequent bear market.

Multi-year bear market
If that's not impressive enough, masterluc predicted a multi-year bear market two days prior, despite the price at the time--$1240--being an all-time high. He  wrote:
"Ah, of course thanks Satoshi and community, but I am still here =) Next entering point for me is in 2016-2017 year."
Just in case there was any doubt about his prediction, he  reiterated on January 31, 2014:
"I see price failing leave daily bb borders for too long time. This makes me think that price may enter stagnation like it was jan-may 2012. But for a larger period of time. Probably till next reward halving like it was in 2012."

$8,000 Bitcoin is Possible if it Follows Litecoin's Post-SegWit Example

Bitcoin's miners recently  locked-in the Segregated Witness (SegWit) upgrade, and it will be automatically activated at the next difficulty adjustment in about a week. SegWit represents a major upgrade to the network by itself, but it also enables even further improvements such as the  lightning network.

Many are hoping that SegWit's activation will result in further price appreciation. Traders are eyeing the example set by Litecoin, whose price  doubled in just four months following its SegWit activation.


GOLDMAN SACHS: Here's when we'll know bitcoin's top is in 2017-2018

Bitcoin is experiencing a monster rally. It has  gained more than 15% since Friday's close, topping $4,000, $4,100, and $4,200 for the first time before putting in a high of $4,216 a coin on Monday morning.

But that's only part of bitcoin's recent success. The cryptocurrency has seen huge gains since the  August 1 fork that split it in two. Since bottoming at $2,643 a coin the day of the split, bitcoin has exploded by 57%, and it is now up 335% in 2017.


Bitcoin is getting closer to looking like a traditional financial product.
Japanese financial information firm Fisco announced Monday it is experimenting with the country's first bitcoin-backed bond. The news follows other announcements in the last several weeks for bitcoin options, futures and an exchange-traded fund tracking bitcoin derivatives in the U.S.
"I think it's a very healthy and natural progression of the space," said Adam White, Coinbase vice president and general manager of its GDAX exchange, told CNBC in a phone interview.

    Sounds fantastical? Maybe, but Blockstream swears it isn't as crazy as it sounds.

Today, the bitcoin infrastructure company is launching Blockstream Satellite, an ambitious attempt to use leased satellites to beam bitcoin nearly anywhere in the world. Now in beta, bitcoin users in Africa, Europe, South America and North America can already use the satellites to download a working bitcoin node capable of storing the network's entire transaction history.


But while complex conceptually, the company believes its end result can solve a real issue facing the $66 billion network - without internet, you can't access bitcoin.
And this poses a problem for bitcoin proponents who believe the cryptocurrency could be especially beneficial to people without internet, who also generally live in areas with economic instability.

So, Blockstream decided to set its sights on a solution, and found it in space.
According to Blockstream CEO Adam Back, the project is all about putting bitcoin into the hands of those who "desperately need" it.

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