Bitcoin’s All-Time High Price Rally Is Sustainable

While some near-term pricing correction is likely to be expected, analysts who spoke to CoinDesk said bitcoin’s latest rally will be more sustainable for the long term compared with 2017, the last time bitcoin’s price hit an all-time high.

One difference from the last bull run? The current market has gained support from a new wave of institutional investors mainly based in North America.

“You could look at the timing of the rally, which coincided with typical U.S. market open hours,”…

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