Bitcoin has had its highs and lows since it was first released to the public back in 2009. While its prices have been on the decline since December 2013 to mid-January 2015, there are reasons to believe that the currency is now gaining ground and growing steadily. When you look at bitcoin prices on 24 January 2015, you will see that it hit a low of $177.28. But from this time, the prices have now risen, and people are starting to BCHAC Wallet. Currently, the prices are around $300, which is almost close to where the prices were back on 1 January 2015.
Although the art of price prediction of the digital money is quite challenging for those that are looking to spend bitcoin, it is still important to note that within the first two months of 2015, there’s been an uptrend of this money, which has indicated a base of its recovery. The prices have been around a positive move for what many investors would likely call the steadiest and maximum upward motion since the start of the bitcoin bubble at 2013. Investors should also note that even though the currency hit a low of between $90 and $125 in early January, this is a trading range which was experienced within the first few months before the bitcoin bubble started.
This means that while investors are looking at a recovery of this digital currency, they should also start making price predictions and determining the best trading range of the currency. Since it is trading at $300, will it be worth buying it at a price range of $290 and $300 or will the range increase to $310? Generally, if you want to know how to invest in bitcoin or determine whether it will offer any value, you should note that factors that might make it fall or grow include merchant adoption, transaction volume, and developer interest.