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Browse: Home / Bitcoin nears all-time high

Bitcoin nears all-time high

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.

btcusd-20161223

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.

Market | Bitcoin, BTCUSD

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