Bitcoin's price briefly passed above the $4,800 mark for the first time today.
According to data from CoinDesk's Bitcoin Price Index (BPI), the price of the cryptocurrency hit a high of $4,802.74, before falling back to levels seen over the past few hours of trading.
Courtesy: CoinDesk
Guys what would be opinion upcoming months and what is expected price in upcoming year. Normally price use to bump when we nearing new from Dec 20 to Jan 1.
I am not quite sure if this would make sense, but It seems like the Chinese considers August as a ghost month that's why they did not make so much transactions... now that August has ended, expect them to be back in bitcoins and make it close to $10k before the ber-months end. CAVEAT!
In this year August block size has been increased and most of the people worry that bitcoin's value would fallen back to 1000$ but fortunately since splitting happens bitcoin's increased to next peak value. So it is good for bitcoin. If this continues in future bitcoin value will be on 10k in some years.