What will happen soon ๐ซฃ๐ค
- Analysts warned pessimistic market analysts, known as bears, that the world's most popular cryptocurrency could regain its rise again towards the $100,000 level, following the significant drop it recorded earlier this month, according to a report from BTIG.
BTIG analyst Jonathan Krinsky noted in a client memo on Wednesday that "after a 36% drop from peak to trough, we believe Bitcoin is now well-positioned to complete its rebound at least towards $100,000".
Bitcoin is currently trading at $92,451.30, up about 10% over the past five days. However, Bitcoin remains down 20% over the past month due to a mix of macroeconomic factors and cryptocurrency market-specific factors.
