Since Bitcoin surged more that $1,000 in an hour on Thursday, the price has held steady in a narrow range between $7,900 and $8,200.
Opinions in the Bitcoin community are divided over whether this is the end of the bear market or not. Some believe that the strong fundamentals of Bitcoin, including wider adoption of SegWit and implementation of the Lightning Network, have laid the groundwork for a bull run to new all time highs. Others are of the opinion that the rapid price jump was merely a short squeeze and that BTC is still in a downward trend.
One area where there is agreement, however, is that the long term future of Bitcoin is bright and there are bigger and better things to come for the original cryptocurrency. Bitcoin to the moon!
Bitcoin to the Moon is a blog dedicated to following the original cryptocurrency on a journey to its ultimate destination.
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