Bitcoin Analysis for the month of December 2017
This Blog sums the performance of Bitcoin analysis for the month of December, 2017.
Bitcoins had many ups and downs in this month. The crypto currency went as low as $11000 this month. And again regained the value of $15000 as of 25 December, 2017.
Our bitcoin analysis shows and as above graph signifies that, Bitcoin started with 894.70 dollars this year. And started to grow drastically onward. The Currency gained the value of 977.29 on February 2017 and kept flourishing and reached the peak price of 19201.65.
In December particularly, the bitcoin increased to the price of 19201.65 and then started to plunge until the price of 13971.09. Not to worry that the digital currency is again regaining its value and it might continue to grow over the period of next few months.Bitcoins had many ups and downs in this month. The crypto currency went as low as $11000 this month. And again regained the value of $15000 as of 25 December, 2017.
Bitcoin Analysis for the Month of December, 2017
BTC/USD
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Bitcoin Performed reasonably nice during the Christmas season. Because most of the people were notfocused on the crypto currency, resulting in the decreased value.
One thing, which can be analyzed by the above chart is that another descending triangle is being formed. So The investors should be little caution while purchasing the bitcoins.
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