Bitcoin continues its rally.
Crypto Michaël, a trader and an analyst, recognised a new price range, which should be secured by Bitcoin. If this happens, we cannot avoid the next growth of altcoins, the trader believes.
Today’s Bitcoin price rose to a height of $11,203.90 over six months or a profit of 12.73% per a day. This is another sign, which follows a year of regulatory uncertainty and falling valuation of big cryptocurrencies, that both consumer enthusiasm for the platform has revived and restored confidence in its long run.
The price of Bitcoin fell sharply in March as the coronavirus pandemic spread across the world and governments locked it up to protect global reserves and other resources.
The most daring analysts predict the growth of Bitcoin to $15,000. Moreover, these forecasts should come to life in the next 2-3 months. Is Bitcoin ready for such a move? Share your thoughts in the comments below.