For the first time since september in one month , Bitcoin price has reach $4,630, across global exchange platforms.

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In the past 24 hours, bitcoin has been traded$4,600 region, briefly dipping below $4,580 and then back beyond the $4,610 level . With daily volumes in major regions around the world including Japan, the US, and South Korea on the rise, and short-term momentum indicators including moving average convergence divergence (MACD) Shows a great uptrend movement ahead, analysts and investors including Tuur Demeester have expressed their confidence in the ability of Bitcoin to sustain its upward momentum in the upcoming weeks and reaching a new all time high price around 6000 USD .

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Japan and South Korea at the Center of Bitcoin Trading

South korea has become a major Bitcoin exchange market along with Japan. The two Bitcoin exchange markets currently account for nearly 70 percent of global Bitcoin trades, what is a positive signal for the of the industry of bitcoin .

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Recently, the Japanese government officially authorized 11 Bitcoin exchanges including BitFlyer, the nation’s largest crypto currency trading platform with over 800,000 active users.

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If the Japanese and South Korean Bitcoin markets continue to demonstrate strong momentum in the upcoming weeks, the short and mid-term price trend of Bitcoin should aim toward the interim target of $6,000 established by prominent analysts and investors in the cryptocurrency sector including Max Keiser of RT and Demeester.

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Does the Upward Momentum of Bitcoin Signal Low Probability of SegWit2x Hard Fork in November?

The positive effect of the next hardfork has push investors to buy bitcoin, in order to get the new that will result from this hardforkBut, as Bitcoin investor at the Atlanta Digital Currency Fund Alistair Milne explained in his blog post, the likelihood of SegWit2x replacing or overtaking the legacy chain in the original Bitcoin blockchain is practically non-existent, because of a wide range of factors including opportunity costs for miners, rejection of the fork by users, and the network effect of Bitcoin.

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now when i am writing this article bitcoin has reach 4700 USD

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