The Bitcoin bubble expects the prices to reach $10,000 by Christmas. Several tests has been passed by Bitcoin which include technical test where the price crosses resistance marks such as 5, 6 and 7,000 dollars. This is positive sign for investors who consult the price and volume charts to determine the rise in market cap.
“Wall Street test” is another test where major financial players and financial exchanges are attracted to digital currency. This is a bullish sign for investors who eyes on market fundamentals that can increase the digital currency demand.
“China test” is the last test whether the Bitcoin market is able to remove ban in trade of the product in one of the largest markets for digital currency. This is another bullish sign regarding Bitcoin that makes it immune to other currency and governments trying to destroy it.
When the Segwit2x hard fork was called off, a source of uncertainty regarding cryptocurrency markets ended. These bullish signs have increased the requirement for the digital currency helping it to shoot up prices to reach the highest peak of Rogers curve. But there isn’t enough supply to accommodate the soaring demand.