Popular cryptocurrency trader Crypto Ed indicated that the coin needed to hit $36,000 again before resuming its ascent.
Read also: 'Elon, We Did It First:' Bitcoin Sent To The Actual Moon By Developer Group
Bloomberg Intelligence also argued in a recent report that the overall cryptocurrency market is currently "discounted and refreshed" and that the leading cryptocurrency is “more likely to resume appreciating toward $100,000 resistance rather than sustaining below $20,000."
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