Bitcoin rise to $8300. Experts: bull market is coming.

The cryptocurrency market shows its trend of rising like the past few days. Now bitcoin price is over $8300. The continuously rise of Bitcoin in a few days increases the investors’ confidence. Many analysts thinks crytocurrency is entering bull market.

 The CEO of Rewardstoken. Io, Todd Rowan stated his opinion, “It may be the new cycle of bull market. Bitcoin becomes the motivation of cryptocurrency. Now, it seems that the underselling period is coming, which is benefit to everyone.”

However, bitcoin value has not broken through $8600 yet. The analyst Charlie Chan believed that the break even of bitcoin mining industry doesn’t appear. He said, “The break even point of the pooled mining we estimated is $8600 on condition that the electric power cost is very low($3/KWH).” In other word, before bitcoin rise to $8600, any trade in that industry is losing money.

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