The bitcoin price has done it again! After much speculation, the price of everyone’s favorite digital currency has broken the $600 level, and for the most part, bullish trends are
expected to continue.
Bitcoin Price Set for Continued Rise
“Price is advancing above $600… It’s hard to conceive how the market will now reverse trend into decline. The declining scenarios mentioned during the past two weeks are negated by the massive volume required to push price $25 higher in a single candle. Ongoing advance is the most probable outcome.”
Another source agrees, and seems to believe that bitcoin will hit an even larger goal within the week:
“Indicators suggest that the market will continue its uptrend. Prices in the $625-650 range seem attainable in the short-term. The long-term could see prices move up towards $680-700 if trend lines are correct and bullish momentum keeps up.”
A few things are likely contributing to the rise. As discussed in our previous price piece, reimbursements by way of Bitfinex may have a hand in the price increase. However, one major contributor could be the new Brave Browser, which according to its website, “blocks ads and trackers, making it faster and safer than your current browser.” The announcement was recently made that the browser would implement bitcoin micropayments, allowing users to “tip” websites they enjoy and visit frequently.