[2017-10-10]Bitcoin Price Surpasses $4,800 as Bullish Momentum is Back

[iamTom123]

A lot of eyes will be on the Bitcoin price for the next few hours and days. Thanks to the gains made over the past 24 hours, we now have a Bitcoin price well above the $4,800 mark once again. It is evident a lot of people have been waiting to see this price point again, as it brings us a big step closer toward reaching $5,000 again. When that will happen exactly, remains to be determined, though.

It is good to see the Bitcoin price go up once again. This trend has been visible for a few days in a row now. Considering we have seen two major Bitcoin price corrections this year alone, seeing the value return to $4,800 in quick succession is all the more impressive. Very few people had expected things to go this quickly, although it was only a matter of time until the Bitcoin price bull run would reach significant levels again.

While a lot of people may doubt the value of Bitcoin at any given point, this upward trend should not be ignored by any means. Cryptocurrency is not like any form of money the world has ever seen before, as it can’t be regulated, subjugated, or controlled in any possible way. Centralized companies providing services related to cryptocurrencies, however, may see their fair share of governmental scrutiny in the coming months and years.

Bitcoin is finally back surging...almost back to the level before the start of the FUDs created by the bad news coming from China and from that man named 'Demon' who is an executive of a big financial institution. The market has now officially got away from the entanglements created by those factors. Now, we can shout to China: Bitcoin can live without you! China does not matter anymore and I even wish they don't come back as they are the big source of so many headaches for Bitcoin.

From now on, the market would not anymore be listening to any CEO of any corporations who are part of the disrupted industries. Demon and his company are not factors anymore. I am sure that more and more executives would be saying their own wild and weird ideas and opinions on Bitcoin but we should not anymore be listening to them even if the media will be picking up their thoughts.

We are finally back!

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[Almat]

Yeah, this is awesome. This is after Dimon disparaged Bitcoins too. To be fair though, I don't think Dimon's words alone can create such drastic market movement. He timed it well to ride the wave of the China bans, so it seemed like his words had more effect than they really did.

[senne]

In the last 7 days we saw a rise from $4,215 to $4,880 and seem to be raising more and crossing the benchmark of $5,000 soon. The long dip of September is gone and Bitcoin is back to track, previous circumstances such as Ban on ICO in China and comments made by James Dimon could not hold down the value of Bitcoin to much extent, bringing to $3,300 it is now shining once again. Also, the upcoming Hardfork doesn’t seem to affect the price of Bitcoin much, also more and more countries are coming in the favor of Bitcoin. One can probably expect to Bitcoin cross $5,000 within next 7 days if something unexpected news and rumors don’t come on its way.