Bitcoin, the amazing cryptocurrency, has advanced over the last days. Currently it trades around $900 with the all-time high of almost $1200 in sight. The all-time high of BTC/EUR is even more close, because of the decline of the euro against the dollar.
As usual, many explanations are circling around. Some have to do with China and its weakening Yuan and others point to Europe and its “social-political” problems.
My guess is simply that some interested parties try to push Bitcoin to a new high and use the end of the year for that operation, hoping that it is more easy to manipulate a market during the upcoming Christmas holidays. The stock market’s behavior directly before New Year’s Eve often serves as a blue print for that game.
What to expect after the break of the high?
Everything is possible, including a run of factor five. Last time nobody expected it, but it happened.
Bitcoin is a miracle…
And you can trade it leveraged with this promising CFD broker.