Published on November 13th, 2017 | by bitcoin0
Bitcoin Up 17%, Will it Reach a New High in the Near Term Future?
Since then, Bitcoin price has stabilized at $6,450, recording a daily increase of around $890.
Triggered by the sell-off of major Bitcoin investors and the rapid surge in the value of Bitcoin Cash Bitcoin price plunged over the past weekend.
However, as expected, Bitcoin price recovered relatively quickly as the Bitcoin Cash price declined from over $2,800 to $1,200.
Short-term indicators for Bitcoin price increaseThe sell-off of large sums of Bitcoin in the past few days led to a domino effect, wherein traders started to panic selling their Bitcoin in fear of market uncertainty and a major Bitcoin price correction.
Consequently, the daily trading volume of both Bitcoin and Bitcoin Cash surpassed the $10 bln mark, for the first time in history.