More people are now investing into bitcoin that is the reason why the price went up that fast in the past days. Maybe right now we are just experiencing some correction that is why the price is hovering in the $13,000 level but I still expect for the price to go beyond $18,000 before the year ends.
Yes, It is just another correction, nothing else. Bitcoin is just getting ready for its next target which is not 18,000 dollars rather 20,000 dollars. I am pretty sure that this coin is going to reach this value by the end of December easily. I think there is no issues in waiting for bitcoin to recover its previous value. This is nothing new for the bitcoin investors to have some light dump before a drastic pump.
It is really getting ready for its next target. In fact, I thought we should be heading to the moon considering breaking resistance yesterday only to get to see a fake top early this morning. Really looking out though for double top as that would really not speak well. I hope we head back to testing the previous top soon though otherwise, it may end up being a journey to support. Bitcoin is really getting more popular than we can imagine and with most of the developments that are coming now regarding mainstream levels, I sure believe that would give it even much more recognition, so we are not even fast enough yet.