The Reason Behind The Surge In Bitcoin Price.

[handycash]

"Though it looks like a bullish trend in sight for the crypto market, at least in the short term as institutional investors pour in, it might not all be rosy from now on. Having said that, if bitcoin do takes another hit, it is likely that the situation won’t be this bad."

This year is a bad year for bitcoin. If bitcoin does not cross down to $5000, then there is hope that it will cross the $10000 mark again. There are many factors at play this year.

[CryptoCZ]

"Though it looks like a bullish trend in sight for the crypto market, at least in the short term as institutional investors pour in, it might not all be rosy from now on. Having said that, if bitcoin do takes another hit, it is likely that the situation won’t be this bad."

This year is a bad year for bitcoin. If bitcoin does not cross down to $5000, then there is hope that it will cross the $10000 mark again. There are many factors at play this year.

And I think that we have a good chance of growth in the winter, at the end of 2018

[Geleas]

Nobody can predict with certanity what drives the Cryptocurrency market. It could be the reason you have mentioned or any other reason. But one thing is for certain, the Bitcoin market always stabilizes itself. The price will again rise.