Bitcoin starts to grow and has already reached 16 thousand dollars. Possible causes

Bitcoin starts to grow and has already reached 16 thousand dollars. Possible causes

Bitcoin rose 11 percent on Friday, and fixed the maximum price since mid-December 2017 at around 16 920 USD.

At this point, after a small correction bitcoin has returned to levels in area of 16.000 dollars.

This growth, especially amid the ongoing growth among some altcoins, is encouraging.

Many traders in social networks noted that the bitcoin growth usually follows the fall of the altcoins. Most are inclined to think that despite the lively interest of investors to Ripple and advertising efforts of the supporters of Bitcoin Cash, the price of bitcoin will continue to grow.

In addition, on Reddit for some time discussing the hypothesis according to which large players to manipulate the price of altcoins and bitcoin with the goal to accumulate bitcoin. One of the most famous cryptocurrency traders WhalePanda agreed with this theory:

The big players are unable to accumulate bitcoin is not too much raising the price, so they accumulate and dump cheap Alta to accumulate bitcoin.

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