Bitcoin briefly surpassed $112,000 early on Monday in a sign of recovery after a volatile week, with an analyst saying the cryptocurrency’s “bull market is not over.”
A Bitcoin analyst has argued that Bitcoin is still in a bull market as it briefly recovered to over $112,000 on Monday after a week of major volatility.
Bitcoin (BTC) has struggled to gain over the past week as analysts said investors were showing signs of exhaustion, with its sudden drop last week resulting in two major liquidation events across the wider crypto market.
Bitcoin hit a 24-hour high of $112,293 in early trading on Monday, surpassing $112,000 for the first time since sharply falling on Thursday. It is currently trading at $111,835, according to CoinGecko.
Read more