What is the reason for the current hike in price on Bitcoin?

[emmagloor]

Hey,

What is the reason for the current hike in price on Bitcoin and would you advise to buy or wait at the current rate?I will be very happy if anyone answer my question.

[erikalui]

No. Just wait 2 more days and the price will reach below $2800 and that would be a good price to buy. The reason is this: https://www.forbes.com/sites/cbovaird/2017/09/14/bitcoin-prices-plunge-to-lowest-in-more-than-1-month/#480abbb61e72

China has a huge effect on bitcoin market but this time it is just FUD that caused this decline.

[reflector]

Hey,

What is the reason for the current hike in price on Bitcoin and would you advise to buy or wait at the current rate?I will be very happy if anyone answer my question.

It is not a hike, it is similar like lay-off by removing the bitcoin price is lower than we saw in last month. August 1st correction gives a good bump in the price chart and most of the investors really happy about its profit. I don't think bitcoin price will be dump below 3000$ and all you can utilize this situation and can find the better place with the bought bitcoins in future.