Factors Favouring Bitcoin Price Rise in Coming Days

By July 15, 2016Bitcoin Business

Bitcoin price is likely to rise in coming days, so watch out. The price of Bitcoin has been relatively stable since the halving, that was the second time in history when the rate at which new Bitcoin are produced was halved.

Speculation seems not to be having its way this time but a natural course in the utility of Bitcoin in different parts of the world which is setting itself in to give the top digital currency the value it is currently experiencing.

A report says a pennant trading pattern commonly used by equity analysts has emerged on the digital currency’s chart—and it suggests that prices are poised to shoot even higher.

Combined with the halving, and the growing media coverage of Bitcoin-related issues by popular mainstream media – most certain that you’ll agree that so much has changed in that regard, below are additional events and trends that will likely improve the uptake in the use and price of Bitcoin in coming days. Japan and South Americans’ involvement

There’s been a growing interest in Bitcoin from the Japanese and South American markets of late. Aside Coinbase finding its way into the Japanese market in an historic partnership move with one of the country’s largest banks, a first of its kind since the Mt Gox experience in 2013, higher 24 hour trading volume has been recorded in Japan with Bitflyer topping the chart according to coinmarketcap.com leaving Bitfinex and others behind .

In South America, the launch of Colbitex in Colombia and the rising inflation crisis in Venezuela, as well as the growing use of the currency in Brazil, according to coin.dance are some of the factors that created the necessary awareness for Bitcoin in the region. The Swiss Vontobel effect

The introduction of the Vontobel certificate on Bitcoin in USD as a […]

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