According to analysts who spoke to Bloomberg, bitcoin price rally could be starting. The coin was trading at $29,000 on Sunday, a few points below the important resistance point at $30,000 and slightly lower than the year-to-date high of $31,000.
Bitcoin price path to $100k and above
Last week, I wrote that a Standard Chartered analyst was predicting that Bitcoin could surge to $100k in the next few months. He was not alone. Another Bloomberg analyst said that BTC would hit $50,000 as enthusiasm about halving builds up.
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Now, Bloomberg has revealed more Bitcoin price predictions. In a report, the company said that Bitcoin could jump to $105k. The analyst noted the fact that BTC has now jumped in the past four straight months. The last time that happened led to a 260% increase. As a result, if that happens today, it would mean that the coin will hit $105k.
Some analysts believe that Bitcoin price could jump much higher than that….