2016/09/20 12:00 PM
The bitcoin has encountered a small rise. Standing at $610 at press time, evidence suggests that America’s favorite coin is pulling itself out of the gutter and redressing itself in stronger threads. In fact, some analysts think the recent stability could be due to American trading neutralizing volume from the normally-dominant China.
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Bitcoin: America vs China
The sentiment among most analysts is that a bull run is about to strike. One source explains:
“Bitcoin price finally begins advance after a long wait and sideways crawl… The primary target, for now, is the previous high near $628. It would be good to see $680 during this wave higher, but let’s see if the market can hold its nerve at this altitude… Bitcoin price advances out of its consolidation zone. A general uptrend continues, but it cannot definitively be called a ‘Big One’ until $680…