Bulls are Back in Town? Experts Weigh in on Bitcoin Price Rise7.6

The price of Bitcoin has surged to its highest point since last November, reaching an average of almost $4,850 according to crypto asset price comparison site Coinmarketcap. Having broken the $5,000 mark on some exchanges, the Bitcoin price has since retreated back to around $4,720 at the time of writing.

Many long-term commentators on the space have taken the sudden price rise as an indicator of the end of the ongoing bear market. However, others believe the surge to be simply another bull-trap-bounce and that lower prices are to be expected.

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