Bitcoin has today hit a one month high, currently priced at $7,368.
On 4 August Bitcoin was priced $7,010 before dropping to $6,014 just 10 days later; however gains over the last 5 days has seen Bitcoin’s price rise higher than that of 4 August.
Bitcoin and the Crypto market has been bearish since the start of the year but some analysts are predicting that the latest rise in price could signal a reversal in the bearish trend.
If Bitcoin’s price can remain above $7,000 in the coming days then we could see $8,000 or more by the end of the month.
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We are not investment or financial advisors and are here to provide news and our opinions. Please be fully informed regarding the risks and costs associated with trading the financial markets and the Cryptocurrency market, it is one of the riskiest investment forms possible.