![Re: [2017-04-22]7 reasons why btc price is now climbing to $1300](https://ohiobitcoin.com/storage/2017/04/Q8VWAS.jpg "Re: [2017-04-22]7 reasons why btc price is now climbing to $1300")
Key Resistance Level at $1,300
BTC price is again coming within striking distance of the critical $1,300 mark, currently sitting at $1,250 at press time.
Back on March 6, bitcoin set the all-time closing high of $1,277 with a record-high spike of around $1,330 a few days later fueled by ETF hype before crashing more than 25% after the rejection by the Securities and Exchange Commission.
But the world’s first decentralized cryptocurrency has rallied since its March 24 low of $960 when divisive politics and heightened fears of a hard fork put downward pressure on the price.
What’s more, the resurgence also comes at a time when Chinese exchanges have still not resumed their bitcoin withdrawals.
Almost all of them are not new to most members here. However, I don’t agree with the # 5:
“Fifth, major companies such as Microsoft are beginning to actually use the bitcoin blockchain for other things besides money such as record time-stamping and document verification. “
Microsoft lately has been contradicting itself regarding bitcoin/Blockchain Technology acceptance. And now this is a major U-turn again. This for me is for experiment or use case purpose only, so I doubt it may have contribute to the rise of bitcoin price lately.
Published at Sat, 22 Apr 2017 14:06:25 +0000
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