Bitcoin went back over $12,000 – analysts believe this is the start of a new bull market
The bitcoin price had a shaky start to the week and even dropped below $10,000 on Tuesday.
But now it seems like the world’s biggest cryptocurrency has recovered.
Reminiscent of 2017
Early Thursday morning, the price went back over $12,000 for the first time since last week. And although it has now corrected slightly at about $11,600, according to numbers from Bitstamp, analysts say that bitcoin can now be on its way to new record heights.
“Lots of buyer interest at $10,000 and see a move up over $12,000 this coming week. One step at a time, will look to new yearly highs after $12,000-$13,000 reclaimed”, crypto analyst Josh Rager writes on Twitter.
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