As expected, the bitcoin prices have just broken through the $12,000 region as of this writing and continue to move higher through towards the $12,200. We had mentioned a couple of days back that the break through this region would only be a matter of time. In fact, we believe that the bitcoin prices could quite possibly break through the $15,000 region by the end of the month. Such is the speed and the volatility that this appears to be a real possibility at this point of time. Though the usage of bitcoins and their acceptance continues to grow and draw in large crowds of traders, we can safely say that the recent pushes higher in the price have been purely due to speculation rather than anything else.
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Bitcoin Prices Target Much Higher
We also await the release of the futures trading in bitcoins from the CME and the CBOE over the next couple of weeks and it remains to be seen what kind of an impact it would have on the market and the prices as such….