Back in vogue are calls for the coin to keep rallying again to its all-time highs and beyond. “It’s roaring back," Meltem Demirors, chief strategy officer at crypto fund provider CoinShares, said by phone. If it just follows Ethereum, it goes to $100,000," he said, referring to Bitcoin catching up, percentage-wise, to the second token’s performance. The coin crossed that hurdle in recent days.“With Bitcoin crossing above its 200D, we think Bitcoin will rally strongly into," year-end, Lee wrote in a note. China had recently reiterated its call to curtail Bitcoin mining and trading, but Ethan Vera of Viridi Funds said that’s turned out to be a positive development for Bitcoin.

Source: Mint August 10, 2021 16:52 UTC