Bitcoin Price: How High Will It Go?
The cryptocurrency market is growing rapidly and with it the interest in Bitcoin.Bitcoin is a distributed, digital currency whose creation and transactions are public. It is often referred to as a “cryptocurrency” due to its cryptographic underpinning. Bitcoin prices have grown significantly over the past few years as institutions and individual investors alike have become more interested in the digital asset class. Despite considerable price volatility, the long-term trend for Bitcoin appears positive, with prices reaching all-time highs this year.
The price of bitcoin is a topic of constant debate, as interests in the cryptocurrency continue to grow. Bitcoin prices have seen wild fluctuations over the past few years, with a single bitcoin worth as much as $19,000 in December 2017 before dropping down to around $6,000 by March 2018. As of this writing, one bitcoin is worth just over $10,000. So what causes these shifts in price?
Bitcoin prices have been soaring in the past few months. As of January 1, 2018, one bitcoin was worth $13,412.73. A month later, on February 1, the price had more than doubled to $27,890.21.
What is causing the bitcoin price to rise so rapidly? There are several possible explanations. Some people believe that the rise is due to increased demand from countries like Japan and South Korea. Others think that it’s because more and more businesses are starting to accept bitcoin as a form of payment.
Whatever the reason may be, btcup price still in near future. Here comes technical analysis of bitcoin BTCUSD