2016/09/04 5:00 AM
The bitcoin price is rising like nobody’s business! After a disappointing period of hanging around $570, bitcoin has now jumped to $595 at press time, a near $25 spike that occurred in just a few hours.
Also read: Bitcoin Price Prepped for ‘Big Game,’ Analysts Expect Bull Rally
Bitcoin Price Confirming Past Predictions
Such a rise was to be expected, as discussed in our previous price pieces. The longtime sentiment among analysts was that bitcoin was preparing itself for a massive bull run, although no one predicted it would begin this early. Bitcoin has certainly surprised us with its rapid rise in price.
Some analysts claim they’ve felt the start of a bull run since late last week, and the results are certainly in their favor.
One source explained on Friday:
“Finally, some action. It’s taken until the end of the week to come to fruition, and it’s meant we’ve had a pretty boring week from an intraday bitcoin…