Bitcoin Will Recover, But New Highs Unlikely; Retailers Eye Expansion

Bitcoin Will Recover, But New Highs Unlikely; Retailers Eye Expansion

CryptoCorner

Bitcoin may be poised to move higher, but it won’t be a meteoric rise, and any increase will be well below the cryptocurrency’s all-time high. The world’s leading crypto by market cap has rebounded and traded in a narrow range after falling as much as 50% from its record high last month.

However, Bitcoin mining activity suggests a move above $40,000 is possible.

“Several on-chain and network indicators have reflected a bullish skew over the week, albeit most being relatively…

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