There can be several reasons for this and few of them according to my opinion are ;
1. No panic of 2 bitcoins.
2. New investors investing in bitcoin after seeing a huge pump on price.
3. Some whales manipulating price artificially to pull out profit when it will be at peak.
4. Many people buying bitcoin with their altcoins to ride on current bull run.
Price can't keep increasing like this so I am expecting a correction soon.
Topic: Why does bitcoin has constantly increasing its price lately? - page 3. (Read 1373 times)
I'm just curious how bitcoin is rapidly increasing its value. Just last month its value was only around 2000 USD then suddenly after the fork it has constantly increased its price and now reached 4000 USD. Are there any reason why bitcoin has constantly rising? Can we expect that this month it will reach 5000 USD?
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