Bitcoin hit a record high of $106,000 earlier this week, with investors now eyeing a possible $120,000 price in the near future. Increased speculation over potential U.S. policy changes and recent large investments in bitcoin by crypto companies are driving its price upwards. There are also predictions that this month will continue to be bullish, as historical data shows Bitcoin has been in the green six out of the past eight December months, at least running 8%.
Seasonal trends have become more relevant in recent months, which could contribute to further upward movement in BTC prices.
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<p>The post Bitcoin Sets Fresh Record Above $106,000; Traders Target $120,000 first appeared on CoinBuzzFeed.</p>
