Bitcoin News

Bitcoin (BTC) Recovers: 5 Reasons for Going Above $10,000 Again

© Reuters.   Bitcoin (BTC) Recovers: 5 Reasons for Going Above $10,000 Again
© Reuters. Bitcoin (BTC) Recovers: 5 Reasons for Going Above $10,000 Again

(BTC) is back up again – avoiding once again the predictions of falling through to a lower valuation, possibly below $8,000 based on pessimistic estimations. After hovering around $9,500, BTC once again bounced strongly late on Tuesday, stopping just above $10,000.

BTC traded as high as $10,100, before retreating slightly to $9,945.83 as of 7:15 UTC on Wednesday. Here are the factors supporting BTC prices in the new month:

End-of-Month Euphoria

BTC prices failed to form a decisive trend in July, instead of moving within a range, failing to break above the $11,000 mark. As the end of July approached, trading up may have become a self-fulfilling prophecy. Also, the move is within the usual range for BTC, which has returned to volatility. Days of adding hundreds or even thousands of dollars are not rare.

Forgetting Regulator Pre…

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

View original post

Show More


Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button