Bitcoin has repeatedly approached $10,000 in recent weeks, testing this key price level before continually backing off. The price of Bitcoin rose to as much as $9,954.95 on Saturday, May 5, briefly fluctuating close to $10,000 before falling back to $9,409.23 the following day, CoinDesk Bitcoin Price Index (BPI) figures show. Positive OutlookWhile Bitcoin has been struggling to reach $10,000, several analysts offered a bullish perspective on how this blue-chip digital currency will perform going forward. "The current price of Bitcoin is near the same value as it was in early December 2017," he noted. Disclosure: I own some Bitcoin, Bitcoin Cash and Ether.

Source: Forbes May 07, 2018 14:37 UTC