There is no doubting that mood in surrounding Bitcoin and cryptocurrencies has lightened this month as markets finally moved off the bottom. Many analysts predicted a final capitulation down to $2,500 or lower but that seems like a distant memory now. Price predictions now are of a more positive nature and some see Bitcoin getting back to $10,000 sooner rather than later.
According to CEO of stocks and investment website ADVFN, Clem Chambers, the crypto winter is over and Bitcoin could hit $6,000 soon and go on to $10,000 this year. Speaking to Forbes Chambers attributes this to greater interest coming from China due to a possible Yuan dollar depreciation. The recent Tether premium is a prime example of how demand can drive up the prices of even stablecoins.