Posted by The chances that Popular cryptocurrency, Bitcoin would rise above $60k mark in 2021 is very slim, as there are only few days left before the year runs out.
Recall shortly after the Christmas rally for the crypto market which saw the price of bitcoin surge past $51,000 two weeks ago, the cryptocurrency has dropped below $48,000 on Wednesday.
The overall crypto market has also mirrored bitcoin’s price drop, dropping in value by over 3.5 per cent in the last day.
The rally reinforced predictions by some analysts, who remain convinced that BTC is still within a long-term bull cycle, and thus had no hope to surpass the $60k mark.