Taproot is a done deal because more than 90% of the blocks signaled the green light during the last voting run. Taproot is now locked in, which does not yet mean activation, but initially only expresses the consent of the miners to the soft fork.
Taproot is activated at block 709,632. This is expected to be the case on November 14, 2021. By then, all full nodes must have updated their software. Taproot includes a number of new features, in particular, multi-signature transactions should be improved. It is the largest and most momentous update for Bitcoin this year.
In addition, the Speedy Trial voting process has proven to be a complete success, because in principle the agreement could have lasted until August.
The expert opinions also differ widely. In the bear camp, market participants are insinuated to deny the coming price slide and warned of a fall in the direction of US $ 20,000. The other side creates mood and refers to the forecasts at the beginning of the year, which promise a price target of at least 100,000 US dollars this year.
The fact is that market capitalization continues to slim down, and Bitcoin is trading at around $ 35,000 at the time of going to press. This means that the situation remains largely unchanged. A close below $ 30,000 likely means we will see new lows. On the other hand, a breakout above 39,000 US dollars would be the first signal of more positive development.
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