Bitcoin’s Bullish Trajectory Intact, but December Pump to $100K Looks Unlikely: Analysts

Bitcoin’s Bullish Trajectory Intact, but December Pump to 0K Looks Unlikely: Analysts
Bitcoin needs to chart a 77% rally in the next four weeks to reach the widely forecast year-end value of $100,000. While analysts are bullish on the cryptocurrency, they don’t foresee a rally to six figures in the short term.“The latest Commitment of Traders report shows net-long positioning on the Chicago Mercantile Exchange, with an increased commitment by asset managers,” said Laurent Ksiss, a crypto exchange-traded fund (ETF) expert and director of CEC Capital. The report was released on Friday. “Having said that, it won’t be enough to commit to the $100,000 rally this month as everyone is/was predicting.”Ksiss said…