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Bitcoin Price Analysis: BTC Coming Down from its All-Time Heights

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Bitcoin Price Analysis: BTC Coming Down from its All-Time Heights

Post by Vladdirescu on Wed Nov 08, 2017 12:50 am

Bitcoin reached its all-time high of $7,617 on Sunday, November 5, due to the influence of CME Group’s announcement. It proved to be a quite lasting benefit to the market. However, by the end of the day, the price had decreased to $7,175.

Moreover, some experts believe the price will become even more volatile due to the increasing uncertainty of SegWit fork influence.

Daniel Kim, Head of Growth at SFOX, an enterprise-grade trading platform with algorithmic trading tools for businesses and traders to buy and sell bitcoins, former Director of Institutional Sales at Gemini Exchange and assistant of Vice President at BNP Paribas, stated that “overnight we started to see some pullback, and he wouldn't be surprised to see this continue for a few more days.”

Read the full article: https://coinidol.com/bitcoin-price-analysis-btc-coming-down-all-time-heights/



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