Bitcoin's Price Keeps Rising, But Is $6,000 in Reach?

Bitcoin’s Price Keeps Rising, But Is $6,000 in Reach?

Bitcoin hit a new record high of $5,856 on CoinDesk’s Bitcoin Price Index this morning, but the question everyone will be asking is, can the rally continue? At press time, bitcoin is trading at $5,610 levels, as per CoinMarketCap data. Bitcoin’s week-on-week performance of over 28 percent (up more than $1,200,) is double S&P’s year-to-date gains of 14 percent. Further, the cryptocurrency is up 96 percent from its Sept. 15 low of $2,980, and, on a year-to-date basis, is up almost 500 percent. Following a rally of such astonishing proportions, it would be quite logical to assume bitcoin prices […]