The price of bitcoin may have hit a new all-time high above $6,000 today, but it's already showing signs it may be primed to push higher.
At press time, the bitcoin-US dollar (BTC/USD) exchange rate was roughly $5,950, down slightly from the day's high, but up 9 percent on the week amidst what proved to be strong demand for bitcoin in the $5,000-to-$5,500 range.
Week-on-week, bitcoin is up 9 percent, while on a monthly basis, it is up a staggering 53.66%.
Looking ahead, however, at least two underlying trends suggest it may trace higher in the days or weeks ahead.
Full story at http://bit.ly/2yIP9n0
Source: CoinDesk
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