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Bitcoin's rally wasn't enough to push it past $100K this week. Here's what it needs to get out of this rut
Bitcoin investors saw a glimmer of hope this week as the world's largest cryptocurrency jumped to nearly $98,000 on Wednesday. It was a sizable bump from the $90,000 level where bitcoin was trading a week ago, and the highest it has been in about two months. This had investors wondering if the bear market was finally over and whether bitcoin was headed back above $100,000 next. However, crypto bulls may be getting ahead of themselves for now. "Overall, I would still classify this rally as a 'bear-market rally,'" Julio Moreno, head of research at CryptoQuant, told MarketWatch. Bitcoin (BTCUSD) was trading around ... (full story)
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