Categories: News

Bitcoin Price Increase A Sign of Things To Come?

Bitcoin is on an upward trend for quite some time now, and mainstream media is completely ignoring this trend. Whenever the digital currency is the center of positive attention, the media will make no mention of Bitcoin. But when things are going haywire, or if heavy discussions ensue, they are among the first ones to spew negativity. Regardless of all of that, the Bitcoin price is currently on its way to hit the US$440 mark in the very near future, and things are looking up once again.

Also read: Diadem Jewellery Removes All Altcoin Payment Options And Sticks With Bitcoin

The Bullish Bitcoin March Continues

It is rather difficult to pinpoint where this growing price trend is coming from all of a sudden. perhaps it has to do with the theoretical

consensus regarding the Bitcoin block size, or maybe people are finally starting to see the value in digital currency. Our expert analyst will be able to tell you more in the next 24 hours.

What is of greater importance is how the Bitcoin price is evolving in recent weeks. Rather than taking a significant growth spurt and plummeting back down the next day, this rise seems to be gradual. There is some resistance along the way, as people who bought cheaper Bitcoins are taking their profits by liquidating assets.

This is a very normal scenario in the world of finance, and Bitcoin is no exception to day trading. At the same time, the number of people who see Bitcoin as a long-term investment is growing as well. Unlike what traders assumed a few years ago, the days of quick profits in Bitcoin are over.

Related Post

As one would come to expect, there are those people in the Bitcoin community who feel the digital currency is still undervalued by quite a margin, and how this will be the beginning of a major breakout. However, financial markets are very fickle, and can change direction on a whim’s notice. It is simply far too early to cry victory just yet, although this Bitcoin price increase is looking promising.

Some people might even see the current Bitcoin price trend as a validation of its underpinning technology, which we all know as the blockchain. With so many companies looking to explore the options of what this technology is capable of in various aspects outside of the financial world, the future’s looking bright for digital currency in general.

But there is always reason to be cautious as well, as most Bitcoin price increases are followed by either a slump or a downward trend. Considering how there is only a limited number of bitcoins available, establishing a stable price point should be possible in theory. That being said, as long as the value of Bitcoin remains linked to fiat currency – which are very volatile markets right now – it is all but impossible to achieve a stable price point.

Source: Bitcoinwisdom

Images credit 1,2

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Best Crypto Presale To Buy Now: Rollblock Delivers For Holders With New License, Record Sign Ups and 7000+ Games

Rollblock is quickly becoming the best crypto presale to buy, delivering unmatched value for its…

2 hours ago

Polkadot And Uniswap Gearing For Post-Christmas Jump As Rollblock Raises $7.4 Million in Presale

While Rollblock's continues its crypto presale, with its value increasing regularly, Polkadot (DOT) and Uniswap…

3 hours ago

IntelMarkets (INTL) Receives Massive Demand From Chainlink And SUI Investors Looking To Position For The Best Bull Run Gains

As the cryptocurrency market gears up for a bull run, IntelMarkets (INTL) is attracting significant…

3 hours ago

FOMO Selling Trigger $1 Billion Liquidations as LINK & SOL Bleed Heavily; What to Do Next?

In the past, Chainlink (LINK) and Solana (SOL) have been among the most discussed altcoins…

8 hours ago

Qubetics $7.4M Presale Revolutionises Blockchain as Bitcoin and Chainlink Drive Innovation: Best Cryptos to Buy for 2025

The crypto market is abuzz with excitement as 2025 approaches. While Bitcoin continues to dominate…

14 hours ago

Best Altcoins to Buy Today: Why Qubetics’ Presale Could Be the Best Investment Opportunity of 2024

The cryptocurrency market never sleeps, and every day feels like an adventure. From household names…

20 hours ago