Analysts Say Another Bitcoin Rally Could Be Coming Soon

Analysts Say Another Bitcoin Rally Could Be Coming Soon

It was looking like the crypto industry had entered irreparable territory a few weeks ago. Bitcoin, for example, had dropped by thousands of dollars, and it didn’t take long for several of its altcoin cousins to follow suit.

Bitcoin Is Back in the Green

Now, however, things are once again looking up, and many analysts are wondering if bitcoin – which has recently surged by nearly $400 in the past day or so – will continue its rally and experience its 2020 high all over again. One source is claiming that renewed interest in the asset has appeared. This makes sense considering bitcoin has seriously recovered from the bearish claws that were all over it. It was in early March when the world’s number one cryptocurrency by market cap dropped into the $3,000 range from $10,000 a month prior, meaning that it had lost close to $7,000 of its 2020 value – nearly three-quarters in all. Read More...