Bitcoin price rises again above $4,000 - but will it hit a new all-time high?

Bitcoin’s value has once again risen above $4,000 per coin - but will we see the bubble burst any time soon?

The price of the virtual currency, which hit a record high of $4,500 (£3,492) last week, has jumped up to $4,276 to recover from yesterday’s seven-day low.

Bitcoin’s value has soared over the past 12 months, with its record-breaking rally coming after its recent split into two separate cryptocurrencies.

But what next for the volatile cryptocurrency? Analysts remain divided about what we can expect over the next few months.



Sources: http://www.telegraph.co.uk/technology/2017/08/23/bitcoin-price-rises-4000-will-hit-new-all-time-high/

Not sure how close you have been monitoring the market lately, but this increase back to above the $4200 level isn't anything special. It's just the regular dose of volatility that this market from time to time experiences - a correction is due because the market is, simply said, overbought. Segwit activation is/was the only reason for the price to go up this high, and as the Segwit activation will kick in tomorrow (when the difficulty will adjust itself), we'll likely going to see the market take a dive back to the $3000-$3300 range, before we go back up again.

It is now stucked between 4100$-4200$. But the probability that it will be on 5000$ dollar this end of the year are high. So on to next year, I've been thinking about its peak that will be on 2018 at 10000$ and that can't be hard to be as bitcoin users and investors are increasingl its number rapidly. That's why the demand of bitcoin is on top.