The Trend Line For the Price of One Coin Continues to Cross

The price of one single coin is currently on track for a new all time high, reaching a level of over $5000 before it retrains to its previously achieved level. While the increase of value from the last time it hit this level was not at all surprising, the sudden rise and fall of the price during the first couple weeks following this record-breaking rise has caused many to question the stability of the value and the potential for further appreciation. The recent increase in the value has been attributed to both a drop in the supply of coins, as well as an increase in the demand.

With the current trend line having been crossed, one can only imagine what the market will do next. There has been much talk about the potential for an explosive move up to the sky-high levels of last year, which will put the value of one coin well above ten thousand dollars. Though many are skeptical that this is possible, with the recent rise in the price of gold and silver there is a real possibility that gold will experience a similar high, before falling back again, to a level that would be considered a lower price.

Although it is difficult to predict the future, if the demand does remain at its present level, the potential for a new high could be imminent. If the demand is higher than the supply, then the price of one coin could rise dramatically. If the supply continues to fall, the price could decline, but this would take place slowly and without much change.

Another reason why some are doubtful of the potential for a new high is that the price of one coin did not rebound immediately following the previous high. There has been speculation that it would take a long time for the value to catch up to the previous high and by the time the price reverts to its previous level in the value of one coin would have been inflated considerably. There is also a feeling that it would take a large amount of time for the value to fully appreciate in value and reach a level where it becomes difficult for investors to sell.

In light of the recent increase in the demand, however, investors who have been holding on to their coins and waiting for the price to rebounding are likely to make some profits. The price would probably continue to move upwards, although probably not to the heights of last year. However, the price will likely reach a level which is close to the all time high, making it easier for buyers to sell.

For those who have been looking to purchase one or more of these coins but who have had previously been unsuccessful, it would be wise to wait a while before you make a purchase. If the price moves in the direction of one thousand dollars or higher, it is likely that they would soon follow suit.Click here for more details about precio bitcoin