Market Wrap: Bitcoin All-Time High Expected, but Not Before a Pullback

Posted on by American Coins & Gold

Market Wrap: Bitcoin All-Time High Expected, but Not Before a Pullback
Bullish sentiment continues to grow after bitcoin’s price broke above $57,000 on Monday. BTC is up about 3% over the past 24 hours, extending its outperformance compared to alternative cryptocurrencies.Analysts see continued upside, with some calling for a return to the all-time high near $63,000 this quarter.“The crypto rally is impressive since it occurred in the face of a broader risk-off environment in both equities and bonds, with crypto markets seemingly decoupling from the equities markets,” Coinbase wrote in a newsletter last week to institutional clients. “We are seeing BTC clearly lead this market up as evidenced by bitcoin dominance…