Hey guys, I hadn't checked prices for a while and I did so today and noticed that everything is skyrocketing. Obviously this is because BTC is moving up but do we have any idea why things started moving up all of a sudden?
,,,Actually, it's really excited to know the good news about bitcoin, because this is all about we wanted to know is to check the prices in everytime. Nornally, if the demand moving up, the prices also going to rise.
Prices moving up is okay but is there any real reason behind it or just a fake run to trap new investors again?
Suddenly it went without any good news about the cryptos so I'm bit worried that it may correct back even more than earlier slowly.
I read some analysis in a telegram channel that this time round prices can even go as high as around 9K and if that breaks then we will see more high prices otherwise it will correct back.
I agree to this, its a good thing to know that the value of bitcoin is fighting its way back to where we expect it to be little by little. As to the article i have read the sudden surge of bitcoin's price was not a result of any major market news or any investors' announcement. But knowing that bitcoins value is highly volatile we should not expect that this time it'll continuously rise to the top again.
Maybe this article could bring us a little bit of insights or idea on whats the reason behind the sudden surge.