Okay… So there’s no change from what the bitcoin price was yesterday. Bitcoin was hovering in the $290 range previously, wandering between $292 and $297, and apparently, despite the massive price rise we’ve been witnessing these past few weeks bitcoin has decided to take a break and just stay where it is for the time being.
That’s not to say, however, that the price rise is now completely over. No, things like this are bound to happen. We’ve seen it before, where the price is going up, up, up, and then all of a sudden, bitcoin decides to take a rest, and who can blame it? The price ladder is a long, arduous thing to climb. Naturally, the digital currency is going to need to stop for a while and catch its breath, and this appears to be one of those times.
But the price of bitcoin only needs to go another four dollars before it finally reaches $300. We’ve all been waiting and hoping for something like this ever since the massive drop occurred about two months ago. The price of bitcoin hovered at around $300 for a short while when Coinbase announced the start of its Lunar Exchange, but that hype died down relatively quickly, and it wasn’t long before the price plummeted back down to the low 200s. Needless to say, many of us were not happy…
But now things have really changed… The price has jumped and has continued to jump at every turn, and eventually that jump will continue. Right now, however, the currency needs some time to catch up and rest and rehydrate, so let’s give it what it needs so that it can continue its journey to the top again tomorrow and hopefully reach $300 by the end of the week.