Bitcoin price: BTC rises 2% and exceeds $ 11,700. There is caution in the ecosystem.

BTC rose USD 200 during the end of the day on Thursday and specialists expect important movements from the demand of large investors

After staying 48 hours at USD 11,500, the price of Bitcoin (BTC) shot up 2% and exceeds USD 11,700 at the close of this note . The reference cryptocurrency is at a "key" level according to specialists, and its performance in the coming days may determine the new horizons for the medium term.

The crypto ecosystem lives days of strong enthusiasm due to the increase in the institutional demand for cryptocurrencies . The influx of large investment groups into the emerging market makes the forecasts of specialists optimistic.

In the last few days, the firm MicroStrategy bought 21,454 BTC , which represents a huge investment of 250 million dollars. The company opted for the largest cryptocurrency in market capitalization as a new reserve asset, and its behavior could be replicated in other groups.

In addition, in recent days various references have taken place, promoting a promising future in the short term . In the last hours, the CEO of Gemini, Tyler Winklevoss, expressed himself through Twitter in a new call to investors to the ship of cryptocurrencies:

“The Great Monetary Inflation is near. Arm yourself with Bitcoin "

Virtually half of the supply available in BTC has not moved in the last two years , so experts point out that many investors are betting on investments in the long term .

The altcoin market had mixed movements, but bullish movements predominated. Ethereum (ETH) , the benchmark altcoin, grew more than 2% and its price grew above $ 292 .

For their part, both Bitcoin Cash  (BCH) and Litecoin (LTC) and XRP had no movements in the last 24 hours and are trading at $ 282 , $ 54, and $ 0.28 , respectively.