3 Reasons Bitcoin Price Could Be on the Verge of a New Uptrend By Cointelegraph

3 Reasons Bitcoin Price Could Be on the Verge of


3 Reasons Bitcoin Price Could Be on the Verge of a New Uptrend

The price of (BTC) has risen by 170% in the last three months from $3,600 to $9,700. Despite this immense 3 month recovery, a series of fundamental factors point to the possibility of another uptrend in the near-term.

Three reasons Bitcoin is likely to see an upsurge are increasing exchange outflow, miner revenue finding support, and the rising number of so-called “hodlers” or investors that hold BTC for prolonged periods.

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