Bitcoin price at $16K and beyond? Here are the bear and bull cases

The price of Bitcoin (BTC) surpassed $16,000 with relative ease on Nov. 13 and has remained resilient above it. Analysts are divided on the short-term outlook on BTC because the momentum remains strong but there are concerns of an overheated rally. But there are numerous positive developments that could continue to sustain the uptrend of BTC.

Generally, the cryptocurrency market has seen an increase in trading activity across all types of exchanges. Spot, derivatives, and institutional…


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