Bitcoin clocked six-day highs above $9,000 over the weekend, but a long-term bull market revival may not be on the cards, yet. Having clocked a high of $9,070.64 on Saturday, prices again fell back below $8,000 briefly on Sunday before climbing again. CoinDesks's Bitcoin Price Index (BPI) was last seen at $8,772. The cryptocurrency has appreciated by 9.70 percent in the last 24 hours, as per data source CoinMarketCap. Bitcoin (BTC) is also close to 40 percent above last week's low of $5,947.40. So has the cryptocurrency bottomed out?
So far, I want to believe we have gotten to the bottom, bounced from it and waiting for a rally. With the good news and some adoptions from all over the world, as well as the level at which development would start occurring on bitcoin's protocol, I believe that we are in for a nice ride in this 2018 and only those who are confident enough to hold, then they will always reap the fruit of their patience.