The Bitcoin price has went over the important $4000 mark. And it was less than $3000 on September 15th due to disturbing news about cryptocurrency exchanges bans in China. But now Bitcoin is being traded for $4200 and more. This increase is possibly caused by the rumor, that China's acts are temporary. Profiteers say that this was a mere demonstration of power before the Communist party congress which is planned for October.
However, there is no solid evidence to back up this version. The technical analysis shows a high probability of another decline. The current growth is quite fragile.
However, there is no solid evidence to back up this version. The technical analysis shows a high probability of another decline. The current growth is quite fragile.