Date: 10 months ago   Category: Economy

The price of bitcoin has to show "wonderful" results - traders


Cryptoforex traders have paid attention that short-сквиз bitcoin on September 3 I have reached "wonderful" proportions as the cryptocurrency price sticks several days to higher than 7000 dollars.

On Sunday, September 2, bitcoin has reached the highest level of $7300 after monthly drift in limits around $6000, enthusiasts of cryptocurrencies and online commentators puzzle over a number of factors to determine duration of the last growth of bitcoin. we Will remind

that the potential sale from the purse "sleeping" still with mega-balance of more than 110 000 BTC ($800 million) which is connected with Silk Road couldn't shake confidence of the market and has shown the return tendencies, than those which have occurred during sales of bitcoin authorized by affairs of the Mt.Gox exchange.

Now sources note that the quantity large bitcoin transactions, exceeding 100 BTC, has considerably increased. It is interesting that big purchase is made on a local maximum when long decrease, - the CryptoRampage trader has written to Twitter, having added that the aggregate effect from the current tendencies assumes "remarkable" short-
Investors with impatience expected signs that the bitcoin will begin to answer recent short-term optimistical forecasts from such famous persons as Tom Li.

Despite the previous growth of the price of bitcoin which has begun in the middle of July and after two weeks has returned the price below $6500 at the beginning of August, Li assured that the bitcoin price at the end of this year will be about $20 000.

the Mainstream media published bull expectations and support of his statements. The head of the SFOX company, Danny Kim, has told Business Insider that he provides in fact stabler bitcoin which is generally connected with institutional participation. As this institutional tendency proceeds, the stabilizing effect of institutional investments will go beyond distribution of the prices and also will influence their fluctuations. Eventually, it could even lead to the fact that the bitcoin could remind стейблкоин which people look for for payments and to be used for original vision of Satoshi of Nakamoto as "the peer system of electronic monetary unit", he said.

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