Bitcoin prices rose sharply today, climbing past $7,000 and rising to their highest since June as strong momentum drove gains.
The digital currency's price hit $7,440.25 on the CoinDesk Bitcoin Price Index (BPI), up 11.7% gain from the daily low of $6,663.03.
Link:
Bitcoin surge: multiple factors contributing to the rally?What factors make Bitcoin rise again? Will it continue to rise?
The main reason of the increase in the price of the bitcoin is because of the long term postive news and legalisation of the bitcoin and of another cryptourrency ( for example in Thailand) .
So here we should tie seat belt to fly with the price again , because now in these days a new country is going to legalize cryptourrency and that will surely give pump to the bitcoin price .
And also here lots of chances that even that country ( for which I am talking to legalise bitcoin) if not leglise then surely price will go up because the main reason is that in present time people have full knowledge that how manipulation works and how to remain safe from such things and also in present time most of the bitcoiners are full of patience and not will easily sell Thier hodls .
So wait for the $20k=1btc price atleast soon in this year .