Published on September 9th, 2015 | by bitcoin0
Reason for Recent Bitcoin Rally Unknown
A bitcoin price rally has taken place recently after a brief test of the $200 support level.
Bitcoin is typically considered a high-risk investment, along with other riskier holdings such as equities and commodity currencies.
Sustainable Bitcoin Price Gains?
In an article on Benzinga, staff writer Deepak Bharadwaz pointed out that Barclays’ recent announcement on accepting bitcoin for charitable donations may have boosted demand for the cryptocurrency.
Technicals also favored a relief rally as bitcoin price has been consolidating between the $200-220 levels for quite some time.