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Bitcoin Bounces Over 50%, $100,000 Next?


Bitcoin Bounces Over 50%, $100,000 Next?

  • Bitcoin bounced back by over 50% from the recent lows.
  • Crypto analysts believe BTC could reach $100,000 by the end of 2021.

The recent rally sent Bitcoin’s (BTC) price back to trading around $45k-$46k. This means BTC bounced back by over 50% from the recent lows.

Since then, Bitcoin is up four weeks straight and is on pace for its second monthly rise. Regarding this, Meltem Demirors, chief strategy officer at crypto fund provider CoinShares, said, “It’s roaring back,” adding that despite new regulatory scrutiny,

Many investors perceive this as positive news and a positive catalyst because it’s clearing up a lot of the confusion or some of the uncertainty. And I think what’s being demonstrated as well as the crypto community is no longer some esoteric corner of finance.

Despite that regulators promise a tougher crackdown on the crypto industry, crypto

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