Bitcoin price news: How much does bitcoin cost today? Will bitcoin reach a floor? | City…

Cryptocurrency bitcoin has experienced a tumultuous year, with prices continuing to oscillate on the market

At the time of writing, CoinDesk had bitcoin trading at £5,062.14 ($6,587.26).

The world’s biggest cryptocurrency has been performing relatively poorly for most of this year.

Recent measurements, including a key volatility indicator, suggest it could be about to a swing in either a bullish or bearish direction.

September’s monthly rating volume was the lowest since last April, according to Bitfinex cryptocurrency exchange data.

But bitcoin’s healthy price floor suggests the market has a vested interest in stopping it from slumping any further – in another sign a bearish trend could be imminent.

Fundstrat’s Tom Lee believes bitcoin will finish the year on a strong note.

The crypto expert said: “The fact bitcoin is holding here is very good news.

“I think there are catalysts in the year-end so I think despite the lower highs we’ve seen I think we’re starting to…