On Tuesday, due to increased demand from Asian traders, bitcoin price passed $10.000. This crazy race continued on Wednesday, bitcoin average price surged to $11.000. At that time, Korean traders offered almost $12.000 for bitcoin. Such speed of the cryptocurrency growth is unprecedented: it went 11% up on the day, its market cap is $185.4 billion.
Analysts’ opinions on the further bitcoin trend differ. Analysis of its price movement in 2017 shows that there will be a short-term correction soon. Many experts, considering high bitcoin volatility, predict further bitcoin growth. It’s difficult to forecast bitcoin prospects for more than 1.5-2 months, as the cryptocurrency market depends on the news background.