Is Bitcoin Returning to Form? Gains $800 in One Day

Just yesterday, the currency was trading for slightly over the $17K line, but the asset has since added about $800 to its price and brought itself up out of the gutter. Things really took off when PayPal decided to give people a chance to purchase bitcoin and other forms of digital currency through its website.

During the month of November, the asset spiked to $19,000, and many industry experts believed that the currency would eventually reach its all-time high of nearly $20,000 before the year was out. The currency fell back a bit – likely because the rise to $19K happened too fast – and the asset didn’t quite have the strength or the courage to remain above present resistance levels.

Timeline of