Bitcoin Price Analysis – Reversal in the near-term
Bitcoin (BTC) has continued to ratchet higher, rising 94% since December 1st, on continued institutional and retail interest. The market cap now stands at US$316 billion on US$6.1 billion in trading volume over the last 24 hours. Hash rate and difficulty continue to make new highs, with hash rate nearing 15 exahashs per second. This far exceeds the estimated…