BTC Price: Bulls are Overcoming as New Investors Join the Market

After Bitcoin reached a new all-time high in the evening of Wednesday, November 22, we can see a little pullback as the BTC price at the moment is slightly over $8,200. The fall is highly insignificant compared to the previous upward leaps. Besides, the buying pressure in the market does not decrease with the price growth.

After CME Group’s announcement, a huge number of investors turned their attention to Bitcoin, and many of them have already invested their funds in the cryptocurrency. According to Bitfury vice chairman George Kikvadze, “out of 30 investors he has met, 12 are in the process of investing in bitcoin, 10 plan to invest in bitcoin in the short-term, and eight remain undecided.”

The bullish trend seems overwhelming. With large-scale investors entering the market, the price is expected to grow even more by the end of the year. As reported by CNBC, Tom Lee, a Wall Street strategist, and co-founder of Fundstrat Global Advisors, anticipates the price will hit $11,500 in mid-2018.

The full article: https://coinidol.com/btc-price-bulls-overcoming-as-new-investors-join-market/