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Wednesday, March 8, 2017

Bitcoin Price Between $2,000 and $3,000 by End Of 2017: Technical Analysts

Bitcoin Price Between $2,000 and $3,000 by End Of 2017: Technical Analysts

China has seen a lot of activities surrounding its peculiar Bitcoin community, most recent of which is the suspension of withdrawals by two of the biggest exchanges within the ecosystem due to regulation concerns. Despite the frequency of activities and news that has made the Bitcoin and altcoins market very volatile, players insist that there is a lot more to be seen within the space even as the year goes by.

Director at BitLox, Dana Coe, notes that so far in 2017 the regulatory tightening with respect to Bitcoin exchanges in China has been significant. However, he explains that the phenomenon is a bit of a conundrum, saying that governments have no reason to fear Bitcoin as a capital flight path.

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