Bitcoin prices are still interesting to observe. This crypto currency continued to be relied upon and had penetrated US $ 13,700. This is the highest level in the last 17 months. However, at this time bitcoin prices are trading again at around US $ 12,600, down shortly after the Coinbase crypto currency site reportedly crashed.
The value of this digital currency has risen by more than 60% this month, and more than 230% every year to date. Bitcoin euphoria, lower prestige, other digital currencies, such as ethereum, which became the second largest crypto currency after bitcoin. According to Coindesk data, the price of Ethereum only rose 150% so far this year.
The soaring price of bitcoin was also driven by Facebook launching its own crypto currency called Libra. Analysts are optimistic that Libra can help the market to get a better position in the community, as a means of payment and investment.
I guess this is true. Bitcoin is pushing upward momentum because of libra and bitcoin halving. Well, we will see if this will become true. I am currently trapped in the market. Supposedly, I will sell already at 13K dollars but because I walked an important thing yesterday, I missed the opportunity to sell. Now, I have left my bitcoin but I expected it to return its price again.
I highly doubt that the libra or Facebook is the one behind the surging price of bitcoin, because back then I am seeing Facebook was against cryptocurrency and yes they are currently creating their own coin but I don't think that it is decentralized, But maybe they had to do with the slight movement of things, but stable coin is not back up by Bitcoin so I don't think that there is a high possibility about the sudden surge in price of bitcoin, The only reason I see behind the increasing price of bitcoin is the Bull Run and nothing else at the moment,
Well if you had missed the opportunity to sell in the right time when the price is at $13,000 USD I guess all we need to to is just wait for another surge, Bitcoin's bull run will definitely going to reach another All time high and the price indicator for that is $20,000 or even more, That is what I am waiting to happen.