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Will Bitcoin’s Price Spike Again?

Bitcoin is one of the most-talked subjects when it comes to payments and the future of online transactions. There is no doubt that this is a concept which can become the most used payment method in the next couple of years.

Thanks to its numerous advantages over the regular methods, Bitcoin can stand out in the crowd. No hidden fees, lower general fees, greater liquidity, and anonymity are just a fraction of the features that Bitcoin gives to its users.

This cryptocurrency caused a massive stir back in 2017 when its value has spiked are reached over 19,000. Now, the focus is on Bitcoin again as several indicators suggest that that scenario could happen again. That is exactly the topic that we wanted to discuss, so let us start.

Getting The Latest Updates

Reading the latest updates and news surrounding Bitcoin is extremely important, especially if you are one of the people who trade with them. The more in-tune you are with the news, the better will you be able to navigate on the market.

The news will also help you realize whether the price of the cryptocurrency will go up or down, or will it stay the same for a certain period. The only problem is that there are not a lot of credible sources out there.

Many Bitcoin-related websites have started working recently, but most of them are not trustworthy. They either lack the knowledge or are completely out of touch with reality and publish various false news. That is why it may be difficult to find a source that you can trust.

We wanted to make that process much easier and give traders as well as people who are interested in Bitcoin and just want to keep up with the latest news one of the most credible sites on the market today. Bitcoin Revolution This Morning posts all the daily updates and are worth checking out.

The Projections

Many experts believe that Bitcoin’s price could spike again and even top $20,000 by the end of 2020. There are a few arguments that back up that claim. First off, Bitcoin is by far the most stable cryptocurrency on the market and it is far more stable now than before.

Institutional interest has also been on the rise. Several countries around the world accepted Bitcoin as a payment method and not only did they make it legal, but they also invested money into it.

Its volatility rate recently experienced its second-lowest monthly rate. The only time when the volatility rate was this low was in 2017 when it reached a price of over $19,000. Furthermore, Bitcoin’s Hash Rate, which measures Bitcoin’s computing power, has finally stabilized. The Hash Rate had a rough period and after the downfall of the cryptocurrency, it needed more than a year to reach a stable rate.

Finally, since this is a currency which gives numerous advantages to the users over the rest of the payment method, its popularity is still rising. The infrastructure is growing and many reputable companies around the world even started using it. The recent halving event was also successful, which is one other indicator that the price may be going up.

All of the indicators show us a similar situation like the one in 2017 when Bitcoin spiked in a matter of days. That is why most experts truly believe that the value for one Bitcoin will go up and that it is likely to top $20,000 by the end of the year. To put things into perspective, the current value for this cryptocurrency is around $10,000.

If you are trading with Bitcoin and want to make a profit, make sure you keep up with the news as they can be a massive contributor in your quest for profit.

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