Despite global economic uncertainties, Bitcoin remains valued well on the exchanges. It continues its valuation within a tight range of 10,000 to 12,000 USD. The current Bitcoin price probably won’t break out any time soon. In recent months, investors have seemed quite content with this trading range. All investors want Bitcoin to explode in value, but that seems unlikely for now. A stable Bitcoin price is always a positive thing, though.
World economies remain in shambles to varying degrees. Stock markets seem to be overvalued by analysts. For that reason, investors might expect Bitcoin to plummet in value. That hasn’t been the case, and Bitcoin might seem like a safe bet today. Investors continue to show their confidence in the biggest cryptocurrency, which is a positive sign for Bitcoin itself. It remains to be seen how Bitcoin performs moving forward.