Published on October 12th, 2017 | by bitcoin0
Bitcoin Soars to Over $5000– Highest Ever!
Analysts are more confident than ever that Bitcoin will stay above $5000 today as prices continue surging towards new highs of $5050.
Technical data from multiple sources indicates no slowdown in Bitcoin’s charge to retake the historic price level, having increased by $600 since Monday.
Now, forecasts of resistance range from $5200 to $7000 should the largest digital currency hold above the barrier.
A period of volatility, which saw prices dip below $2000 soon reversed, Bitcoin becoming rapidly more resilient to further hostile reactions from authorities.
On Wednesday, Mike Novogratz told CNBC he “would not find it surprising” if one bitcoin cost $10,000 by April 2018.