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Bitcoin Price Increases to $6,550 as Market Regains Confidence in Mid-Term Growth

“The bitcoin price has increased to over $6,550, after dipping below $5,600 on November 12” writes unknown author for Analysts have attributed the recent increase in the price of bitcoin to CME Group’s confirmed launch of its bitcoin futures exchange by the second week of December.No Uncertainty in the Market With the SegWit2x hard fork cancelled, the Bitcoin Cash community developing its own project, and Bitcoin Gold losing support from the community, there exists no uncertainty in the mid-term within the bitcoin market.Considering that the confirmation of the bitcoin futures exchange launch has garnered significant optimism towards bitcoin in the short-term, upon the completion of the launch, it is likely that the bitcoin price would initiate a strong rally and achieve new highs.Investors are satisfied, confident, and certain that the bitcoin price will recover back to its previous high of $7,800, as it always have done historically.

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