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Bitcoin hits over $9000, new ATH

Sun 26th Nov 2017 - 3:29pm : Other

Bitcoin is starting to rise at a rapid rate that nobody truly saw coming. In two weeks the price of Bitcoin rose from $6,700 to $9,200 creating amongst the way a lot of support for the Bitcoin price to not fall under a certain number. Investors and Bitcoins holders have been speculating what this magic number might be, which according to sources lies between the $6,500 and $8,000. So what is next, $10,000?

What can we expect from Bitcoin in the coming months?

Bitcoin has pushed its price up due to the hard fork, for the Segwit2x coin, that eventually got canceled. This caused the price to decline since nobody was going to receive their Segwit2x coins anymore and people starting to sell their Bitcoin. However, the Bitcoin kept increasing after this occurrence and has been increasing since the hard fork drop. This builds a lot of support along the way, an indication of a strong asset to hold. 

Will there be another hard fork that could cause another drop?

Yes, many hard forks will be coming up because people believe Bitcoin needs a software update, however, they tried it many times, such as Bitcoin Cash, and eventually, Bitcoin stayed on top. During the Segwit2x hype, Bitcoin Cash also received a lot of attention and increased in price, however, we are seeing already a slight decrease. Bitcoin holds strong after all the hard forks which is only a good thing for Bitcoin holders since their coin that they are holding will become stronger and trusted more among new users of the coin. 

Will we see another ATH? (All time high)

Probably, since the Bitcoin price has been increasing with 1.7% daily since its birth we could see another ATH very soon. At the moment it lies at $9,197.80, which is relatively cheap if you ask big investors that are supporting Bitcoin. They might tell you numbers from $100,000 to $200,000 for one single bitcoin. So are you holding Bitcoin already?


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Eric Altmann

Eric Altmann

Eric Altmann

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