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Author Topic: [2016-09-10] Two Big Factors Are Driving Up Bitcoin Prices  (Read 263 times)
trinaldao
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September 10, 2016, 02:44:47 AM
 #1

The price of bitcoin rose close to 10% this week, pushing higher as bullish market sentiment and low liquidity created an ideal environment for gains.

The digital currency enjoyed notable increases during the week, surpassing $600 on Sunday, 4th September, while largely avoiding any significant pullbacks or corrections.

Sentiment is so strong "players are not willing to bet against the rise of BTC/USD," according to Petar Zivkovkski, director of operations for Whaleclub.

http://www.coindesk.com/bitcoin-surges-bullish-sentiment-low-liquidity/

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September 10, 2016, 09:54:14 PM
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So in short, the price of bitcoin rose because some big players decided to give the coin a lift. I wonder how long the lift will last before the players decide to play with altcoins instead. Undecided
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