After staying at $6,800 for quite a time, Bitcoin price takes off more than 1,000 USD breaking the resistance line. Still, I don't think this would last and BTC price will eventually sink to even lower than its previous price of $6,800. What about you? Tell me what is on your mind now? Will it sink or will it rise?
It's probably a large corporation buying in when they see the price lingering low. There's no reason for the price to go up so quickly and in such a magnitude besides someone buying a load of it. Essentially, people might be bringing some light back into it because there's been such a long while of lingering around. The price being stuck in the same area wasn't exactly a bad thing for bitcoin, it just offered some time for the markets to stabilize a little bit.