Why Bitcoin Will Rise to $98K After Reaching Previous Highs: Strategist
- Bitcoin has bounced back from a significant slump in recent weeks.
- Dave Keller of Stockcharts.com thinks it will return to previous highs of $64,000.
- He also broke down for Insider why bitcoin is likely a better bet than ethereum right now.
Once again, bitcoin is on the come up.
After hitting its all-time-high above $64,000 in April, the cryptocurrency plummeted 53%, all the way down below $30,000 per coin in July.
Since then, the volatile asset has continued to rise and fall within that range. Over the last two weeks, its price has shot just about straight upward. Sitting currently at around $57,000, bitcoin is up about 39% since September 28.
That momentum is bound to continue, according to Dave Keller, the chief market strategist for Stockcharts.com …
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