Bitcoin Jumped Up to $61,000 Again
On Saturday, the Bitcoin bull run got real, and they started buying it actively. This resulted in winning the recent ATH of $61,000 back. Traders who opened short positions lost over $0.5 million due to the unexpected spike of the first world’s cryptocurrency.
Later this very day, Bitcoin corrected itself a little bit, and its price went down to $60,900. At the moment this material was written, Bitcoin cost $60,700. It is still close enough to the milestone it managed to achieve thanks to Saturday’s bull run and seems to feel comfortable.
Analysts from Bloomberg believe Bitcoin will be able to reach $400,000 this year. They conclude it based on the experience of the bull runs that took place in 2013 and 2017, when Bitcoin grew real quickly and significantly before the tremendous correction.