Bitcoin Rebounds To $7,900, Why Analysts Expect Bullish Continuation8.2

The Bitcoin (BTC) bulls have done it. They have entirely shaken off last week’s flash crash, which saw BTC plummet to $6,100 on Bitstamp and $6,500 on other major exchanges. With this strong rebound, which came after a period of ranging between $7,000 and $7,300, analysts have adjusted their outlook to the new conditions.

And, despite news that the U.S. Securities and Exchange Commission (SEC) has delayed its verdict on Bitwise’s Bitcoin exchange-traded fund (ETF) application, analysts and traders are bullish.

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