Bitcoin continues its rally.
Trader and analyst Crypto Michaël recognised a new price range, which should be secured by Bitcoin. If this happens, we will not avoid the next growth of altcoins, the trader believes.
Today’s Bitcoin price rose to a height of $11,203.90 over six months or a profit of +12.73% over a day. This is another sign, following a year of regulatory uncertainty and falling valuation of big cryptocurrencies, that both consumer enthusiasm for the platform has revived and restored confidence in its long run.
Bitcoin price fell sharply in March as the coronavirus pandemic spread across the world and governments locked it up to protect global reserves and other resources.