Bitcoin (CRYPTO: BTC) will rise to $8,500 in December, according to fintech research firm Trefis in a Sept. 13 statement. BTC is currently at $6,500 and has seen modest gains the last couple of days. Trefis analysts brushed aside the recent price slump and said in their Forbes article that “there should be a steady recovery in the number of unique users as well as transaction volumes on the Bitcoin network over coming months – helping … prices reach around $8,500 by the end of the year.”

The New York-based firm has a tool called Bitcoin Price Estimator on its website that uses two key inputs to forecast price levels: number of active bitcoin users and daily transaction volume.

Continue reading Bitcoin To $8,500 By December: Fintech Firm at Crypto Daily™.

Click here to read the full article...