[2017-12-06] $13,200: Bitcoin Price Defies All Expectations… Again

[ivanpoldark]

The Bitcoin price is continuing on its unparalleled trajectory higher as Wednesday’s new all-time highs reach $13,200.

According to average exchange data from Coinmarketcap, Bitcoin was trading just under $13,000 at press time, having corrected after breaking the barrier for the first time.

A new record has become an almost daily occurrence for Bitcoin over the past week, with prices exploding 50 percent from $9,000 just days ago.

Cointelegraph reported yesterday as prices passed $12,000 that the imminent onset of regulated futures trading was a major driving factor for incoming investment.

As prices continue to grow, however, many are now beginning to ask when the historic bull run will slow - or reverse.

Tweeting his forecast Tuesday, Max Keiser, the commentator famous for his Bitcoin and Dash advocacy, said he imagined $15,000 would the limit at which markets would take stock.



Read more: https://cointelegraph.com/news/13200-bitcoin-price-defies-all-expectations-again

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[Lancusters]

Up to $ 15,000 is still far. I'm not sure that we will achieve this goal. It seems to me that bitcoin is very rapidly growing. It is worrying me. Price at any time can go down. The Chinese are massively buying bch. Maybe they know something. I won't buy bch because you don't trust this coin, but if the price of bitcoin will be above 14500 dollars, I buy dollars and pauses.

[1Referee]

It's not exactly a fair source of information. Bitcoin's USD markets still need to touch the $13,000 level, while Korean exchanges are already moving over the $14,000 level. It starts counting when USD exchanges start touching $13,000 for the first ever time. GDAX is really pushing things and slowly but surely is becoming the main USD exchange. If we ignore Bitfinex with their Tether garbage, GDAX right now has the highest 24H volume. I am not at all surprised by how this exchange is gaining popularity amongst regular traders, and professional traders. On top of that, Coinbase's fees make people skip buying from Coinbase, and go directly to GDAX, which especially for high quantity volume movers will save them a significant amount of money.

[Kemarit]

I haven't seen bitcoin touches $13,200 though. I'm basing my price on the Western exchanges, those Asian market are a bit higher than the average Western trading platform so for me $13,000 has not yet touched. Although it will be just a matter of days or at the end of the week it that this price barrier will be broken. I think everyone aren't surprise with all this kind of price increase because financial institutions are now embracing bitcoin in an extend. And CBOE and CME bitcoin future contracts is just the beginning and we will others following the footsteps. So for me its expected and nothing spectacular touching $13,000 although its another all-time-high.... Again.

[Irvinn]

Yes, the price bitkoyna surprises us once again, coming close to 13 000 dollars. Such a sharp increase in the bitkoy's rate even began to frighten some economists and politicians, and in this connection bitcomyn began to be compared with a bubble that could burst in the near future. I must say that such fears are not groundless. The increasing demand for bitcoins leads to its growth in price, and the rise in price again leads to an increase in demand for bitkoyn, because people want to get a good profit by raising its rate. Thus, bitcoin is simply pumped up, taking the form of an inflated bubble.

[richardsNY]

I am a happy holder in current times, and especially considering that I took distance from trading which would have pretty much guaranteed resulted in not being able to buy back lower. In current state I think we'll see the price blast through the $15,000 level as well, and likely further beyond. I would be happy with a consolidation period to allow the market to build a solid foundation, but that's likely too much to ask for in times where people are rushing to buy themselves into Bitcoin. People don't care about the market being overbought due to their greed, which at some point may cost them a hefty price if the market tanks and they sell in panic.