Bitcoin: Another Rally Is In The Offing
Sumair Iqbal | Oct 22, 2021 06:04AM ET
We have seen that Bitcoin has surged after a dull session in the last couple of weeks.
BTC was trading near the $39,800 to $41,000 range – where it has consolidated and shifted the investors' sentiments from bearish to bullish. After a breakout at $44,200, it rallied, gaining more than 23,000 points.
It could rally after correcting to its primary support that lies near the $58,000 – $60,000 levels. Once the price sustains above that level, we could see another bull run towards the $80,000 – $85,000 levels by the end of December.
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