Why one analyst says Bitcoin ‘is on the cusp’ of busting through $20K

The market sentiment around Bitcoin (BTC) is mixed, as the BTC price dropped almost immediately by 10% right after hitting its previous all-time high at $19,892 on Dec. 1.

Nevertheless, some analysts and fund managers anticipate the dominant cryptocurrency to rise past $20,000 in the short term. But others are adamant that there will be another correction first, as seen in previous bull cycles.

Bitcoin sees a “minor” 10% drop

There are many compelling reasons to believe that a deeper…

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