Bitcoin went back over $12,000 – analysts believe this is the start of a new bull market

Bitcoin went back over $12,000 – analysts think it's entering a bull market

Bildkälla: Trijo News

After a week of volatility, bitcoin seems to be back on steady ground.


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.

Trader and fellow Twitter personality Filb filb agrees with him and says that bitcoin’s current price charts remind him of how they looked during 2017, Cointelegraph reports.

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