Bitcoin To See New Highs Over Next Two Year Cycle
For over eight days now, Bitcoin (BTC) has held a steady uptrend. While last Tuesday’s move accounted for most of the past week’s gains, the crypto market has managed to continue up-and-up day-over-day, as buyers have continued to flood the market. And this, along with an array of other factors, has investors bullish across the board.
CNBC “Fast Money” recently hosted Brian Kelly, the chief executive of BKCM, in a bid to glean insight about what’s next for cryptocurrencies, specifically price-wise. Kelly, a somewhat notorious CNBC contributor (he has been slammed for shilling XRP at a few points), explained that Bitcoin’s recent move above and beyond $5,000 is actually a resurgence, adding that there’s a rapidly growing chance that December’s $3,150 low was likely it for this bear cycle.
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