Bitcoin Price Hits Target, Where Next?
Bitcoin has been on a rollercoaster ride over the past 10 days with multiple deep retracements following almost complete recovery. But the price has been volatile. The digital currency plunged below $3,000 in mid-September after the Chinese authorities announced a crackdown. Beijing ordered cryptocurrency exchanges to stop trading and block new registrations, due to fears that increasing numbers of consumers piling into the bitcoin market could prompt wider financial problems.
Just a week ago the Emerita Capital firm suggested that Bitcoin’s price could rise to more than $ 3600 if a Bitcoin ETF is approved by the SEC. In December 2016, Vinny Lingham, a South African businessman, predicted that the price of bitcoin would reach $ 800 and increase to $ 900s fairly quickly. Such a prediction came true, as many of his predictions have done.http://t0ph4n.huns2huns.com/2017/10/20/bitcoin-is-on-a-roll-to-new-record-high-prices/