Bitcoin Price: New All-Time High After Thanksgiving Day

In recent days we have seen surges up and down in the Bitcoin price, probably because investors are humans as well, and they were getting ready for Thanksgiving Day.

Daniel Kim, Head of Growth at SFOX, an enterprise-grade trading platform with algorithmic trading tools for businesses and traders to buy and sell bitcoins, former Director of Institutional Sales at Gemini Exchange and assistant of Vice President at BNP Paribas, shared his opinion on general price forecasting with Coinidol:

“On a basic level, valuing and forecasting bitcoin price is to understand it's supply and demand. That said, there are a multitude of factors that affect the value of a cryptocurrency ranging from external factors such as the implementation of another blockchain and rumors to internal factors such as the demand for the currency from the network. A few factors to consider: government regulation, mainstream adoption, media influence, and technological advancements or development.”

The full article: https://coinidol.com/bitcoin-price-new-all-time-high-after-thanksgiving-day/

Weekly Price Analysis: The Week Ends With Bitcoin Hitting $9,000 Threshold

The week has been quite eventful for the Bitcoin market. BTC hit a new all-time high three times while increasing its price steadily.

The bullish trend is overwhelming. Hardly the new week has begun on Sunday, November 26, and we have seen the fourth all-time high when Bitcoin hit the $9,000 threshold.

The full article: https://coinidol.com/weekly-price-analysis/