In the last few months, Bitcoin has had a nice price jump, doubling in value from about $200 to just over $400. While that’s a nice move up, we wouldn’t exactly describe it as skyrocketing, since in 2013 the price went from under $30 to $1,200. Now that’s a skyrocket.
The most common question we run across is, “Where next?” Is this price jump the start of a major move higher in the value of Bitcoin, or was it just another counter-trend move in an ongoing, mult-year decline?
Time will tell.