Will the Bitcoin go back to the $10,000?
The price of Bitcoin has been gradually rising since Friday, increasing by over $500, and experts estimate that it could reach $9,600 over the next two days.
On Monday 21 May the average price of Bitcoin reached $8,557, before falling slightly. Bitcoin is currently trading at $8,513. In the last 24 hours its price has increased by 3% after a gradual rise since Friday.
Several experts believe that the market is beginning to recover. The price of Bitcoin last approached 9,000 almost a week ago, on 15 May, when it was trading at 8,850 dollars, but without managing to exceed this bar, after which its price tumbled.
This time, the price of Bitcoin could attack the rate of 9,000 dollars over the next two days. According to analysts, the Bitcoin could rise to 9,600 dollars during the next 48 hours and even up to 10,000 dollars at the end of May.
If this increase continues, experts predict that the price of Bitcoin will rise in the long term. They added that the price of Bitcoin should not fall below $8,200 as this could lead to a further decline to $7,900.