Bitcoin Price Watch; Price Finds Medium Term Support

After hitting an all time high, the Bitcoin prices suddenly fell to about 3,500$ two days ago. Which created a feeling in the minds of analysts that Bitcoin might tumble again to what it was in the beginning of the year.

But that's not the case, as the Bitcoin seems to be balanced now at 4200$. This could prove to be life saving for those who feared of losing the value of their hard earned money.

Since the beginning of the year, Bitcoins have caught attention because of theirs increasing price against dollar which seems to have been stabilized now.

Analysts believe that rates should roam around the 4000$ mark this week. But who knows! Speculations can be wrong too.