Three key macro factors raise the probability of a prolonged Bitcoin bull market, but a short term correction is very likely.
The price of Bitcoin (BTC) has increased by nearly 30% since late June, from $8,905 to just under $11,500 as of press time.
Excitement is building around the Bitcoin price as history appears to repeat itself and analysts recall the start of its run to $20,000 all-time highs.
The creator of arguably the most famous Bitcoin (BTC) price forecasting tool has declared that the largest cryptocurrency is in a bull market.
In a tweet on Aug.
The volume of top-tier cryptocurrency exchanges has increased to $334 billion in July as Bitcoin’s price climbed by 30%.
The price of Bitcoin (BTC) has increased from $9,088 to $11,800 since July 1 by more than 30%.
Bitcoin price is slowly recovering from yesterday’s $700 drop but is another shot at $12K expected in the short term?
On August 11 the price of gold and silver showed some corrective movements, the same was seen in the cryptomarket.