After an extended period, many experts proved that Bitcoin is not a bubble. Apparently, Bitcoin surges 17% suddenly to reach $8,000.
The digital currency had been suffering from tax-related selling in the run-up to the US. Tax deadline in April.
Apparently, some experts have predicted that Thursday’s move could be an unwinding of that pressure.
How Surges 17% suddenly?
Furthur, few experts have predicted that bitcoin will have a periodic rise and fall which is dynamic. Now, it has risen 17%, and we can’t expect the same. Moreover, we believe that it will have some bullish rise for the coming days.
Here are some Twitter reactions:
Heads up. Massive surge in bitcoin = a massive surge in @hamishandandy coins.
— Michael (@Michael_Dunn4) April 12, 2018
— Bitcoin to the Moon (@BtcToTheMoonCom) April 12, 2018
So, what do you think will it have a bullish rise or bearish fall?